Binance Co-Founder CZ: No Longer Operating Binance, Still a Shareholder and Supporter

Binance co-founder Changpeng Zhao (CZ) said on November 1 that he no longer runs Binance, though he remains a shareholder and supporter of the company and is free to post on social media. The clarification came after CZ reposted Binance's announcement that Bitcoin network withdrawals had resumed, prompting X user Michael Lerro to question why CZ still appeared to be acting as if he worked at the exchange. CZ's statement formalizes his distance from day-to-day operations at the world's largest crypto exchange by trading volume, where he remains one of the largest BNB holders and a key figure behind the BNB Chain ecosystem. The remarks matter for investors tracking governance and leadership signals at Binance following CZ's 2023 departure and plea deal with US authorities, as his public commentary still moves markets for BNB and related tokens. Watch for whether CZ's posts continue to influence Binance-related assets and how the exchange's leadership under CEO Richard Teng manages operations without his involvement.