Binance's leader, CZ, denies owning new company CommEX after Binance pulls out of Russia due to U.S. investigation concerns.
Changpeng Zhao “CZ”, the head of Binance, says he doesn't own CommEX, a new company that bought Binance's business in Russia.
Binance announced it's leaving Russia after hearing about a U.S. investigation into breaking rules. Now, many are curious about CommEX, which looks a lot like Binance and is very new.
CZ shared on X, the new Twitter, that he doesn’t own CommEX. He mentioned that some former Binance workers might join CommEX.
He also said any past deals between Binance and CommEX were for testing. Binance wanted CommEX to look and work similarly for an easy changeover.
Binance confirmed it's completely leaving Russia in the coming months and won’t get money or shares from CommEX.
