Binance CEO Unfollows Elon Musk on Twitter, But $500 Million Investment Secure

Key Points:

• Binance CEO unfollows Elon Musk on Twitter, sparking speculation.
• Binance’s $500 million investment in Twitter remains intact.
• Zhao aims to bring social media and web3 together to broaden the use and adoption of crypto and blockchain technology.

Big Crypto Alert reported that Binance CEO Changpeng Zhao has unfollowed Elon Musk on Twitter. The reason for this move is unclear at the moment, and a Binance spokesperson declined to comment on the matter, but the exchange’s $500 million investment in Twitter last year still stands.

The news of Zhao unfollowing Musk on Twitter has caught the attention of the crypto community and has raised many questions and speculations. For instance, Twitter user Lucra has suggested that Zhao may have unfollowed Musk because the social media platform recently partnered with eToro instead of Binance. Lucra pointed out that it was CZ who helped finance Twitter’s acquisition. Last month, eToro announced a deal with Twitter that allows the platform’s users to view real-time prices for a wide range of assets, including cryptocurrencies, and invest through eToro.

Musk, on the other hand, doesn’t follow Zhao on Twitter, although it’s unclear if this has always been the case.

It’s worth noting that Binance invested $500 million in Twitter in October last year, which helped Musk’s $44 billion acquisition of the platform. At the time, Zhao said that he was excited to assist Elon in realizing a new vision for Twitter and that he aims to bring social media and web3 together to promote the adoption of crypto and blockchain technology.

Last week, Musk announced that Linda Yaccarino would be Twitter’s new CEO, and that he would transition to other roles, such as product design and new technology, while Yaccarino led the business. Together, they aim to transform Twitter into Musk’s everything app, dubbed X.

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