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Fortune
Fortune
Jessica Mathews

Who is Binance’s Changpeng Zhao, really?

Changpeng “CZ” Zhao, CEO of Binance, photographed in Dubai on March 21, 2023. (Credit: Photograph by Katarina Premfors for Fortune)

In the wake of Sam Bankman-Fried’s demise, all eyes are on Changpeng Zhao, the CEO of the biggest and most influential cryptocurrency exchange Binance.

Who is this man behind the trade many think is at least partially responsible for sinking FTX? My colleague Jeff Roberts and former colleague Yvonne Lau go deep with an exhaustive feature for our latest magazine issue. Through an interview with Zhao as well as conversations with people who have known him and extensive reviews of Chinese-language media, Roberts and Lau paint a picture of who CZ really is, how he built his business, and they also explore the big gaps in the public record regarding both Zhao’s background and how his company operates.

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