Binance Co-Founder Zhao Warns Followers of Scammers Using His Name

Changpeng Zhao, Binance’s co-founder, has issued a stark warning to his 8.9 million followers on X regarding scammers using his name to defraud crypto users.

This marks his second alert since his recent release from prison.

Zhao stressed that he operates solely under the handle @cz_binance, cautioning that any account beginning with “cz,” even if verified, is not genuine. He specifically pointed out two accounts to avoid.

Following Elon Musk’s acquisition of Twitter, now rebranded as X, the platform introduced a new verification system where users can buy badges for a monthly fee, leading to frustration among many prominent figures.

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One such figure, horror author Stephen King, openly criticized this change.

Musk even offered to pay for King’s blue verification tick himself, yet King remains vocal about his belief that Twitter was better before Musk’s $44 billion purchase.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.