Social media platform X, formerly Twitter, restricted the account of former Binance CEO Changpeng “CZ” Zhao with no explanation other than to suggest that they "could have potentially violated Rules X."
On November 23, X users were briefly able to view CZ's account only after clicking a button to acknowledge that it was "temporarily restricted." zhao resigned as CEO of cryptocurrency exchange Binance on Nov. 21 as part of a deal with U.S. authorities in which he pleaded guilty to a felony.
According to a Nov. 23 update from Zhao after the event, the former Binance CEO speculated that the restriction was an automatic response to changing your profile name from "CZ Binance" to "CZ BNB":
"The X bot detection algorithm needs some work, [Elon Musk]. “It doesn’t detect bad robots and wrongly targets real humans.”
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It is unclear whether CZ, known for being an active user on the social media platform, will reduce posting after stepping down as CEO of Binance. The cryptocurrency exchange's global head of regional markets, Richard Teng, has taken on the leadership role, although he has a modest 231,600 followers on X compared to Zhao's 8.7 million.
I want to be even more connected with him #Binance community in .
Who should I follow?
- Richard Teng (@_RichardTeng) November 23, 2023
On November 21, the United States Department of Justice announced a $4.3 billion deal with Binance, demanding CZ pay $150 million as part of civil cases with regulators. The former CEO also pleaded guilty to a felony charge related to the failure to maintain an effective anti-money laundering program on Binance.
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