Binance CEO CZ Warns Against Misinterpreting Selfies
Binance CEO Changpeng “CZ” Zhao has advised his followers not to misinterpret a photo with him as an indication of trust or a close relationship. Despite having taken selfies with over 10,000 people, CZ emphasized that he has a small number of close friends and cautioned against believing claims of proximity to him or Binance based on a selfie. He revealed that Binance leverages its interns to organize the queue for photos, allowing for a high volume to be taken in a short period.
CZ Open to Taking Selfies with Fans Amid Regulatory Action
CZ reiterated his openness to taking selfies with almost anyone who asks, despite ongoing regulatory action. Binance, Binance.US, and CZ have requested the dismissal of the SEC lawsuit filed against them. They argue that no investors were harmed by their operations and deny allegations of fraud. The SEC lawsuit includes charges of operating unregistered exchanges and manipulating trading volumes through an overseas company controlled by CZ. However, CZ remains committed to engaging with fans and acknowledging their support.
Hot Take: CZ’s Selfie Policy Reflects the Challenges of Celebrity Status
CZ’s cautionary message about selfies highlights the challenges faced by individuals in prominent positions within the crypto industry. As the CEO of one of the largest crypto exchanges, CZ is constantly approached by fans seeking photos and connections. However, he reminds us that these interactions do not automatically indicate personal relationships or special privileges within the exchange. This serves as a reminder to maintain realistic expectations when engaging with industry figures and emphasizes the need for genuine connections based on trust and shared values.
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