Binance founder CZ Slams New York Times Over Leaked Draft Detailing $4.3B Settlement Talks
Binance founder Changpeng Zhao criticized The New York Times for publishing details from an unauthorized draft of his upcoming memoir regarding a $4.3 billion settlement.Summary
Binance founder Changpeng Zhao (CZ) publicly denounced The New York Times for publishing an article based on a leaked, early draft of his memoir, “Freedom of Money,” without his permission. Zhao stated his team requested the newspaper delay publication until closer to the book’s release and use the finalized manuscript, but they “couldn’t wait.” The article detailed the 2023 negotiations between Binance and the U.S. Department of Justice (DOJ), which initially sought a $6.8 billion penalty before settling on $4.3 billion. It also recounted Zhao’s four-month prison sentence and a detainer issued by Immigration and Customs Enforcement. Zhao’s lawyer, Teresa Goody Guillén, confirmed the article contained information not found in the book or provided by Zhao himself. Zhao plans to self-publish the memoir in February or March. Following the report, Binance Coin (BNB) experienced a 2.9% decrease in value, and retail sentiment on Stocktwits remained bearish.
(Source：Asianet Newsable)