Binance CEO CZ: Selfies Do Not Mean We’re Friends

Binance CEO Changpeng “CZ” Zhao has warned that taking a photo with him doesn’t make someone a close friend or insider at the crypto exchange.

“I have probably taken selfies with more than 10,000 people so far,” CZ declares.

Binance CEO CZ Advises Against Confusing a Selfie for Friendship

According to a statement on X (formerly Twitter), CZ cautioned his 8.6 million followers not to get mixed up when they see a photo with him, and confuse it, for trust, reputation or other means:

“Don’t believe people when they show a selfie and say they are close to CZ or Binance, etc.”

CZ reveals that he is not a networker and has a “very small number of close friends.”

provides insights into accommodating the numerous photo requests he receives. He emphasizes the collaborative effort behind it. Binance leverages its interns to organize the queue for individuals seeking a photo with CZ.

In a matter of seconds, a different intern captures the moment, enabling a high volume of photos to be taken within a given timeframe:

“Our team have a process where one “intern” helps people to form a line, takes their phone, pass it to another “intern photographer”, who snap a pic in less than 3 seconds. Can easily get through 300 selfies in 15-20 min. Takes only 30 events to reach 10,000 selfies.”

Meanwhile, many fans chose to share selfies with CZ, and he responded by acknowledging the events he recognized.

CZ with Martina Beg. Source: Martina Beg X

However, CZ reiterates that he is open to making time for fans. Furthermore, he claims that he takes “selfies with almost anyone who asks.”

This follows recent news that CZ, Binance, and Binance.US have asked a US court to drop the SEC’s legal case against them.

On June 5, the SEC filed a lawsuit, alleging 13 charges against the crypto exchange. It includes allegations of operating unregistered exchanges, broker-dealers, and clearing agencies.

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