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CZ Zhao Criticizes Media Misrepresentation at Blockchain Summit 2026

CZ Zhao Criticizes Media Misrepresentation at Blockchain Summit 2026

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by Li Weicheng

2 hours ago


At the Blockchain Summit 2026, Binance co-founder Changpeng Zhao, widely known as CZ, took a strong stance against mainstream media, accusing them of perpetuating misleading narratives about his wealth and alleged ties to illicit activities in Iran, as analysts warn in the report.

Критика Zhao в адрес СМИ

Zhao's criticism was particularly directed at recent reports from major outlets like Forbes and The Wall Street Journal, which he claims are founded on false assumptions and a longstanding bias against the cryptocurrency sector. He contested Forbes' billionaire ranking, which estimated his net worth at around $110 billion, arguing that such figures do not accurately reflect the current state of the crypto market, which has seen significant downturns.

Отрицание обвинений в терроризме

In his remarks, Zhao firmly denied any involvement in facilitating terrorism, expressing his frustration with the media's inclination to focus on negative stories surrounding cryptocurrency leaders. His comments come at a time when Binance is under heightened scrutiny following a guilty plea and settlement related to its anti-money laundering practices. This further complicates the narrative surrounding the exchange and its co-founder.

Recently, Changpeng Zhao's net worth reached an estimated $110 billion, placing him among the world's wealthiest individuals, as detailed in the report. This figure contrasts sharply with his recent criticisms of media narratives regarding his wealth.

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