Changpeng Zhao is the founder and current CEO of Binance (File)
New Delhi/Beijing:
Cryptocurrency exchange Binance and founder and CEO Changpeng Zhao have been sued by the US Commodity Futures Trading Commission (CFTC) for “multiple violations”.
Here are five facts about Changpeng Zhao:
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Changpeng Zhao is the founder and current CEO of Binance, the world’s largest cryptocurrency exchange. He was born in China’s Jiangsu province in 1977 and his parents are teachers.
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Mr. Zhao and his mother immigrated from China to Canada in 1989, a few months after the Tiananmen massacre. He lived in Vancouver as a teenager and worked at McDonald’s and worked overnight shifts at a gas station.
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In 2005, Changpeng Zhao returned to China to launch an IT startup after step down as head of Bloomberg Tradebook Futures Research & Development team. The 45-year-old then entered the crypto space and launched Binance on July 14, 2017.
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In September 2017, the Chinese government banned cryptocurrency exchanges and Changpeng Zhao was once again forced to leave China.
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Changpeng Zhao went to McGill University in Montreal, Canada, to study computer programming. According to Forbes, he is among the 600 richest people in the world with a net worth of more than $4 billion.
