Changpeng “CZ” Zhao on Thursday denied that he’s the proprietor of CommEX, the mysterious firm that has purchased Binance’s enterprise in Russia. Binance, of which CZ is the founder and chief govt officer, this week introduced it was quitting Russia after stories of a U.S. Division of Justice investigation into sanctions violations. That led to questions across the identification of CommEX – an organization with comparable consumer feel and appear to Binance, and which seems to simply be a couple of days outdated. “I’m not their UBO [ultimate beneficial owner], nor do I personal any shares there,” CZ mentioned of CommEx in a put up on X, previously Twitter, including that a couple of former Binance workers from the area have gone to work for CommEX, or could achieve this in future.
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