{"id":443375,"date":"2023-09-28T13:55:26","date_gmt":"2023-09-28T13:55:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=443375"},"modified":"2023-09-28T13:55:26","modified_gmt":"2023-09-28T13:55:26","slug":"binance-ceo-changpeng-zhao-denies-owning-commex-the-day-old-exchange-that-bought-russia-unit","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/binance-ceo-changpeng-zhao-denies-owning-commex-the-day-old-exchange-that-bought-russia-unit","title":{"rendered":"Binance CEO Changpeng Zhao Denies Owning CommEx, The Day-Old Exchange That Bought Russia Unit"},"content":{"rendered":"

Binance CEO Changpeng Zhao denied being the owner of CommEX, the day-old company that bought the exchange’s Russia unit.<\/p>\n

“I am not their UBO [ultimate beneficial owner], nor do I own any shares there,” he said in a post on X, adding that some former employees of the Russia unit may join CommEx or already have, which he described as ”a good thing.”<\/p>\n

The sale of an established exchange to an entity that just launched and has no experience in running a business of Binance’s scale raised some eyebrows, prompting some to suggest the ultimate owner may be Zhao.<\/p>\n

\n

Some answers about Binance\/CommEx.<\/p>\n

There will be crypto transfers between Binance & CommEx as users migrate with their funds. There are also older transactions during the testing phase of the integrations. This is expected.<\/p>\n

A few ex-Binance CIS team members may join their team,…<\/p>\n

— CZ 🔶 BNB (@cz_binance) September 28, 2023<\/a><\/p><\/blockquote>\n