CZ faced $4.4B penalty over terror claims

Binance founder Changpeng Zhao, alias CZ, claims he was pressured to “bribe” one of the plaintiffs in a case against the exchange or they would tell news publications to write false reports linking it to terrorist groups. The allegations come as legal complaints against Binance tied to the October 2023 Hamas attacks pile up. CZ, who stepped down as Binance’s chief executive in 2023, said in a post on X Thursday that he had been threatened with fabricated stories if he refused to pay a massive sum. “One threatened that I must pay them $4.4 billion USD (yes, billion) or...