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TEXXR

Chronicles

The story behind the story

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A profile of Changpeng Zhao, who built Binance into the largest crypto exchange, as he navigates a regulatory crackdown in a brutal crypto winter

During the first few months of this year—back when buying digital tokens named after dog memes was still seen, at least in some of the most … Tweets: @muyaoshen , @mattysino , @mhbergen , @sidcoins , @ncallanan , @justinaknope , @calvinayre , @fintechfrank , @chafkin , @chafkin , @emilyjnicolle , @chafkin , @frxresearch , @highyieldharry , and @alastairjmarsh Tweets: Muyao Shen / @muyaoshen : The writing in this story is so amazingly done. 👏👏👏Since we are now in a bear market, I guess people should have time enjoying this piece.😃 https://twitter.com/... Matthew Graham / @mattysino : yeah so judging how Arthur got off with a slap on the wrist I'm quite skeptical https://twitter.com/... Mark Bergen / @mhbergen : “When it's all over, Zhao could wind up under criminal indictment. Or he could be the richest man in the world.” https://t.co/tKuEDvD9Ff Sidhartha Shukla / @sidcoins : “Ironically for a company built on a skepticism of Wall Street, Binance is more centralized than even the biggest financial institutions.” https://www.bloomberg.com/... via @BW Neil Callanan / @ncallanan : Zhao said “people only go to the offices a couple of days a week.”...Inside an expansive space with an amazing view of central Dubai “were bare concrete floors, exposed ducts, drywall—and nothing else...” Interesting on Binance by @justinaknope @chafkin https://www.bloomberg.com/... Justina Lee / @justinaknope : My @BW cover story with @chafkin this week: After years of secret offices and jurisdiction-hopping, Binance CEO says the world's biggest crypto exchange is now ready to be the “adults in the room” https://www.bloomberg.com/... https://twitter.com/... Calvin Ayre / @calvinayre : I would say he is fucked. https://twitter.com/... Frank Chaparro / @fintechfrank : A walk down memory lane in this Bloomberg CZ profile https://twitter.com/... Max Chafkin / @chafkin : one of the really interesting parts of crypto is you can be weird and sketchy AND be the market leader. That's sorta mind blowing https://www.bloomberg.com/... https://twitter.com/... Max Chafkin / @chafkin : The other day, Binance's CEO tweeted a (joking?) photoshop job of a fake office. Found this amusing cause a few weeks earlier I'd been invited to see the Binance office in Dubai and found...not exactly an office https://www.bloomberg.com/... https://twitter.com/... Emily Nicolle / @emilyjnicolle : Zhao says he's a fan of leaderless movements that coalesce around the immutable logic of blockchain. But when it comes to Binance, it's CZ alone who controls it. (h/t @justinaknope & @chafkin) https://www.bloomberg.com/... Max Chafkin / @chafkin : Went to dubai to write about binance, and to try to understand whether this is the crazy future of finance, or just the worlds biggest unlicensed casino. New @BW cover story with @justinaknope https://www.bloomberg.com/... @frxresearch : hedgefund boys own yatchs cz owns a minivan CHAD https://www.bloomberg.com/... https://twitter.com/... @highyieldharry : Bloomberg cover pieces like this usually are a top indicator (see Shopify BBG piece). https://www.bloomberg.com/... @alastairjmarsh : For a subculture besotted with Lambos, crypto bros' projected nonchalance about personal wealth seems rather disingenuous. Exhibit A: Crypto's richest man says: “I don't really care much about money.” https://www.bloomberg.com/... @justinaknope @chafkin @crypto

Bloomberg

Discussion

  • @fintechfrank Frank Chaparro on x
    A walk down memory lane in this Bloomberg CZ profile https://twitter.com/...
  • @frxresearch @frxresearch on x
    hedgefund boys own yatchs cz owns a minivan CHAD https://www.bloomberg.com/... https://twitter.com/...
  • @highyieldharry @highyieldharry on x
    Bloomberg cover pieces like this usually are a top indicator (see Shopify BBG piece). https://www.bloomberg.com/...
  • @chafkin Max Chafkin on x
    one of the really interesting parts of crypto is you can be weird and sketchy AND be the market leader. That's sorta mind blowing https://www.bloomberg.com/... https://twitter.com/...
  • @chafkin Max Chafkin on x
    Went to dubai to write about binance, and to try to understand whether this is the crazy future of finance, or just the worlds biggest unlicensed casino. New @BW cover story with @justinaknope https://www.bloomberg.com/...
  • @chafkin Max Chafkin on x
    The other day, Binance's CEO tweeted a (joking?) photoshop job of a fake office. Found this amusing cause a few weeks earlier I'd been invited to see the Binance office in Dubai and found...not exactly an office https://www.bloomberg.com/... https://twitter.com/...
  • @calvinayre Calvin Ayre on x
    I would say he is fucked. https://twitter.com/...
  • @emilyjnicolle Emily Nicolle on x
    Zhao says he's a fan of leaderless movements that coalesce around the immutable logic of blockchain. But when it comes to Binance, it's CZ alone who controls it. (h/t @justinaknope & @chafkin) https://www.bloomberg.com/...
  • @alastairjmarsh @alastairjmarsh on x
    For a subculture besotted with Lambos, crypto bros' projected nonchalance about personal wealth seems rather disingenuous. Exhibit A: Crypto's richest man says: “I don't really care much about money.” https://www.bloomberg.com/... @justinaknope @chafkin @crypto