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CZ ‘s Twitter Account Was Suspended! The former CEO of Binance, Changpeng Zhao’s X account has been “temporarily restricted”. X users can still see Zhao’s posts because the account wasn’t completely suspended.
Zhao agreed to step down as CEO of Binance and pay a fine of 50 million dollars as a result of a settlement reached in the United States a few days ago. Binance, accused of violating anti-money laundering and sanction laws, had reached a 4.3 billion dollar settlement.
X can restrict accounts for various reasons. These reasons include sharing the same post several times in a row, changing the account name, exploiting trending topics, sending automated tweets, and more.
Why Zhao’s account was restricted is not yet clear. However, it is thought that the settlement with the U.S. may have played a role in this decision. Zhao has more than 60 million followers on X. The account’s restriction represents a significant prestige loss for Binance and Zhao. Why can Zhao’s account be restricted?
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There are several possible reasons for the restriction on Zhao’s account:
The settlement with the U.S.: Zhao agreed to resign as Binance’s CEO and pay a fine of 50 million dollars as a result of the settlement with the U.S. This settlement could have damaged Zhao’s reputation on X. Account violations: CZ may have violated Twitter’s account policy. Violations could include actions like sharing the same post several times in a row, changing the account name, or sending automated tweets.
Update about CZ Twitter Account
As of now, the former Binance CEO’s Twitter account has been reactivated. The actual reason for the suspension of the account is that CZ had repeatedly changed the username.
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