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Changpeng Zhao's Cryptocurrency Holdings Exposed

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by Giorgi Kostiuk

8 hours ago


Changpeng Zhao, the founder of the cryptocurrency exchange Binance, is in the spotlight after revealing data about his wallets. Currently, his known addresses hold a total amount of $70,018,808 in cryptocurrency.

Changpeng Zhao's Cryptocurrency Assets

According to Arkham Intelligence data, the total amount of assets in Changpeng Zhao's known wallets exceeds 70 million dollars. However, it is important to note that this is only a portion of his possible assets, as he may own other cryptocurrencies with unknown addresses.

Issues with Bermuda Shorts Token

The most significant token in Zhao's portfolio is Bermuda Shorts (SHORT), which has a market value of $0.000017. Zhao reportedly holds 3.996 trillion units of this asset, with a total value of approximately $68.49 million. However, this token was likely sent to him against his will. Due to its very low liquidity, its value may turn out to be significantly less than stated.

Additional Assets in the Portfolio

In addition to Bermuda Shorts, Zhao's portfolio also includes the following assets:

* Binance Coin (BNB): 956,546 BNB, approximately $799,720 * SIREN: 1,775,000 SIREN, approximately $150,070 * BNB CARD: 30,003,000 BNB CARD, approximately $114,380 * DOGE BABY: 10,000 DOGE BABY, approximately $114,000 * QUQ: 84,934,000 QUQ, approximately $100,390 * GHIBLI: 40,000,000 GHIBLI, approximately $57,990 * BUBB: 24,211,000 BUBB, approximately $40,570 * XOXO: 15,000,000 XOXO, approximately $32,300

It is important to note that almost all of the assets other than BNB were sent to Zhao by token developers to increase their recognition.

The revelation of Changpeng Zhao's assets illustrates the complex dynamics in the world of cryptocurrencies, where even major players face issues related to fraudulent projects. This case highlights the importance of caution when dealing with cryptocurrency assets.

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