Binance’s CZ Addresses Photo Scam Claims, Warns Community of Imposter Scams

Binance founder Changpeng Zhao (CZ) has condemned a wave of fraudulent online scams targeting his image for financial gain. CZ, known widely as CZ, clarified that he does not charge for photos taken with him and urges the community to verify information through official channels rather than relying solely on images. He also highlighted that he usually willingly takes photos after speeches but remains vigilant to avoid disruptions in public gatherings. CZ’s swift action has garnered positive feedback from users. Experts across the industry echo this concern, emphasizing the need for verified sources as a safeguard against potential manipulation and misleading information within the crypto landscape.