Binance Founder CZ’s Known Crypto Wallets Display a New Altcoin: It’s His Largest Holding, But There’s a Problem

Binance founder and former CEO Changpeng Zhao's (CZ) holdings in known cryptocurrency wallets have surfaced. According to Arkham Intelligence data, Zhao's wallets hold a total of $70,018,808 worth of cryptocurrency. Of course, these assets represent the holdings in Zhao's known cryptocurrency addresses. He likely holds far more cryptocurrency than these. The Largest Token in CZ's Wallet Was Likely Sent Against His Will and Could Be a Scam At the top of the list is the token called “Bermuda Shorts (SHORT),” with a market value of $0.000017. CZ reportedly holds 3.996 trillion units of this asset, with a total value of approximately $68.49 million. However, this token was likely sent to CZ against his will, and because it has very little liquidity, its value in CZ's wallet appears high. It's also possible that the token is a fraudulent cryptocurrency, and if CZ were to attempt to sell it, it would either be impossible or worth significantly less than its face value. Related News: Analytics Firm Warns: “Bitcoin Price May Need to Cool Off” - They Shared Their Expectations Apart from this, the following assets stand out in Zhao's portfolio: Binance Coin (BNB): 956,546 BNB, approximately $799,720 SIREN: 1,775,000 SIREN, approximately $150,070 BNB CARD: 30,003,000 BNB CARD, approximately $114,380 DOGE BABY: 10,000 DOGE BABY, approximately $114,000 QUQ: 84,934,000 QUQ, approximately $100,390 GHIBLI: 40,000,000 GHIBLI, approximately $57,990 BUBB: 24,211,000 BUBB, approximately $40,570 XOXO: 15,000,000 XOXO, approximately $32,300 It is also important to note that almost all of the assets other than BNB in CZ's known wallet were sent to CZ by the token developers for the purpose of increasing recognition. *This is not investment advice. Continue Reading: Binance Founder CZ’s Known Crypto Wallets Display a New Altcoin: It’s His Largest Holding, But There’s a Problem