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Does this worry you? Because it should

By LeftFooted | bitcoinea | 15 Jun 2024


Remember Changpeng 'CZ' Zhao? Here's some for food for thought. The former Binance CEO owns a whopping 64 percent of all available BNB.


 

According to a report shared by Forbes, CZ apparently owns 94 million BNB tokens.


What's really worrying is that Binance and CZ jointly hold 71 percent of the total supply (147 million). So this means that CZ owns a lot, like really a lot, more than BNB than Binance itself.


Surely this can't be good.


BNB is doing okay at the minute, but to be honest I see this as yet another element that proves that tokens and coins that are tied to a centralised exchange are toxic.


But that's just my 2 cents.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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