Largest BNB treasury crashes 95%, blames CZ investment vehicle
Shares of CEA Industries had already lost 98% of their 2018 peak by the time it pivoted into a BNB treasury stock. Then it got even worse.
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Shares of CEA Industries had already lost 98% of their 2018 peak by the time it pivoted into a BNB treasury stock. Then it got even worse.
Read more (3 min) →Binance co-founder Changpeng Zhao and Hyperliquid co-founder Jeffrey Yan are arguing about which exchange better handled Friday’s sell-off.
Traders followed every post and signal by Zhao to trade endless BNB Chain memecoins, yet he wants to back away from his influential role.
According to net worth estimates from Forbes and Bloomberg, Zhao's net worth has increased by approximately $20B since leaving prison.
In December, Binance listed billions of dollars in excess proof-of-reserves but much of that capital buffer has now vanished from view.
Forbes accuses Binance of hiding BNB ICO failure and Protos analysis shows Binance has far more BNB than noted in its 'proof-of-reserves.'