X restricts Changpeng Zhao’s account after name change removes ‘Binance’

On Nov. 21, the United States Department of Justice revealed a $4.3 billion settlement with Binance, needing CZ to pay $150 million as part of civil cases with regulators. The previous CEO likewise pleaded guilty to one felony count related to a failure to preserve a reliable Anti-Money Laundering program at Binance.Related: Elon Musk tweets and Twitter bot spam affects altcoin prices: Study

Social network platform X– previously Twitter– limited the account of previous Binance CEO Changpeng “CZ” Zhao without description besides recommending “they may have possibly violated the X Rules.” On Nov. 23, X users might briefly see CZs account only after clicking a button to acknowledge it was “temporarily limited.” Zhao resigned as CEO of crypto exchange Binance on Nov. 21 as part of a settlement with U.S. authorities in which he pleaded guilty to one felony charge.According to a Nov. 23 update from Zhao following the event, the former Binance CEO hypothesized that the limitation was an automatic reaction to him changing his profile name from “CZ Binance” to “CZ BNB”:” The X bot detection algo needs some work, [Elon Musk] It does not detect the bad bots, and wrongly targets the genuine humans.” Source: XMagazine: Lark Davis on fighting social media storms, and why hes an ETH bull: Hall of FlameIts unclear whether CZ, known for being an active user on the social networks platform, will cut back on posts after stepping down as Binance CEO. The crypto exchanges international head of local markets, Richard Teng, has assumed the leadership role, though he boasts a modest 231,600 fans on X compared to Zhaos 8.7 million.I wish to get even more connected with the #Binance community on.Who should I follow?– Richard Teng (@_RichardTeng) November 23, 2023