{"id":23756,"date":"2023-09-28T12:44:50","date_gmt":"2023-09-28T12:44:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cz-sets-the-record-straight-on-his-relationship-with-commex\/"},"modified":"2023-09-28T12:44:50","modified_gmt":"2023-09-28T12:44:50","slug":"cz-sets-the-record-straight-on-his-relationship-with-commex","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cz-sets-the-record-straight-on-his-relationship-with-commex\/","title":{"rendered":"CZ Sets the Record Straight on His Relationship with CommEX"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In light of recent rumors, Binance\u2019s CEO, Changpeng \u201cCZ\u201d Zhao, set the record straight regarding his association with CommEX. The new company, CommEX, recently acquired Binance\u2019s operations in Russia<\/a>.<\/p>\n

Following the announcement that Binance<\/a> is stepping away from its Russian venture, the crypto community has been rife with speculation. The sudden move came in the wake of potential probes from the U.S. Department of Justice concerning possible sanctions breaches.<\/p>\n

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What further fueled the speculation was CommEX\u2019s uncanny resemblance to Binance in terms of user interface and overall design, despite it being a relatively new entity. Many started to question whether CZ had any direct ties to this new player in the market.<\/p>\n

However, CZ firmly stated on X (previously known as Twitter), \u201cI am not their UBO [ultimate beneficial owner], nor do I own any shares there.\u201d He further pointed out that some ex-employees of Binance from the region might have joined CommEX or plan to do so.<\/p>\n

Shedding light on the similarity between the two platforms, he mentioned that the likeness was intentional. Binance had coordinated with CommEX during their \u201ctesting phase\u201d to ensure a seamless transition. This collaboration aimed at benefiting the users by offering them a familiar platform to interact with.<\/p>\n

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Furthermore, Binance\u2019s official statement on Wednesday emphasized that they don\u2019t possess any monetary agreement or a share buyback option with CommEX. The intention is a clear-cut exit from the Russian market, with the transition phase expected to last a few months.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) In light of recent rumors, Binance\u2019s CEO, Changpeng \u201cCZ\u201d Zhao, set the record straight regarding his association with CommEX. The new company, CommEX, recently acquired Binance\u2019s operations in Russia. Following the announcement that Binance is stepping away from its Russian venture, the crypto community has been […]<\/p>\n","protected":false},"author":34,"featured_media":23757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23756"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23756"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23757"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}