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Children and private life are brought to the table! Changpeng Zhao criticizes Reuters for crossing the line and not following principles

Wootfi News by Wootfi News
18/10/2022
Children and private life are brought to the table! Changpeng Zhao criticizes Reuters for crossing the line and not following principles
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“Reuters” published a gunpowder-flavored “special report ” on October 17, with the title “How Binance CEO and aide conspired to circumvent US and UK regulators”, pointing directly at Binance’s claimed “compliance” and There is a gap in the reality, deliberately concealing the office location, evading supervision, and then criticizing Changpeng Zhao (CZ) for being harsh on employees, and even bringing his personal emotional life and family to the table, which made Zhao Changpeng angry and directly sent a counterattack.

In response to the Reuters report, Changpeng Zhao responded with a blog article on the same day . He said that the Reuters reporter had written a series of reports on Binance in the past few months, all of which were citing anonymous sources. Broken trust between the two sides.

“Reuters” published a gunpowder-flavored “special report ” on October 17, with the title “How Binance CEO and aide conspired to circumvent US and UK regulators”, pointing directly at Binance’s claimed “compliance” and There is a gap in the reality, deliberately concealing the office location, evading supervision, and then criticizing Changpeng Zhao (CZ) for being harsh on employees, and even bringing his personal emotional life and family to the table, which made Zhao Changpeng angry and directly sent a counterattack.

In response to the Reuters report, Changpeng Zhao responded with a blog article on the same day . He said that the Reuters reporter had written a series of reports on Binance in the past few months, all of which were citing anonymous sources. Broken trust between the two sides.

On October 10, Reuters made another interview request. In addition to discussing Binance’s commitment to compliance and Changpeng Zhao’s leadership style, the reporter actually expressed his intention to report on Changpeng Zhao’s children this time. Zhao Changpeng criticized this, the reporter’s behavior has crossed the line and violated his restricted area, he wrote:

Over the past two years, we have worked with global law enforcement to seize the assets of criminal organizations around the world, but my children are not in the public interest, and this reporter knowingly released their information, placing them on the In a dangerous situation, this is unprincipled and intolerable.

Changpeng Zhao said that since the reporter could not guarantee that his family would not be mentioned in the report, he decided not to respond to the reporter’s inquiries, but to speak directly to the community to clarify all the disputes related to Binance one by one.

Regarding Reuters’ allegations that “Binance was used as a money laundering channel for $2.35 billion in criminal funds,” Changpeng Zhao responded that the reported figure was grossly exaggerated, and that Reuters failed to provide any details on how the number was calculated .

Changpeng Zhao also pointed out that in order to ensure compliance with international standards, Binance is the first major exchange outside the United States to conduct real-name authentication (KYC) for all users, and will continue to invest in building a compliance framework that users can trust in the future.

As for why he insisted not to disclose the location of Binance’s office, Changpeng Zhao explained that Binance has offices all over the world, and regulators in each jurisdiction have Binance’s address and contact information, but because the exchange is in Having worked with global law enforcement to seize the assets of countless criminal organizations over the past two years, extreme caution is required when disclosing office locations, wearing the Binance brand, or calling yourself a Binance employee, all to keep employees safe.

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