If Changpeng Zhao, the CEO of Binance, had assured that he would support Elon Musk in the Twitter buyout, CZ has just confirmed that the crypto exchange did indeed send $500 million to Tesla’s CEO on October 26.
“Our intern says we wired the $500 million 2 days ago, probably just as I was being asked about Elon/Twitter,” the Binance CEO said on Twitter.
To Decrypt media, Changpeng Zhao also said:
“We are excited to help Elon realize a new vision for Twitter. Our goal is to play a role in bringing social media and Web3 together to expand the use and adoption of crypto and blockchain technology.”
The Binance CEO’s statements come as Elon Musk has effectively taken control of Twitter for $44 billion.
As a first step at the head of the social network, Elon Musk immediately fired the CEO Parag Agrawal, the CFO Ned Segal and the General Counsel Vijaya Gadde. CEO Parag Agrawal and CFO Ned Segal were present at Twitter’s headquarters in San Francisco when the deal was signed, and were escorted out.
For its part, the crypto community is now eagerly awaiting to know if Elon Musk will indeed integrate Dogecoin (DOGE) payments on Twitter.
As we mentioned in a previous article, Elon Musk’s mere visit to Twitter on Thursday caused the Dogecoin (DOGE) price on Binance to jump. Elon Musk has indeed mentioned several times the possible addition of Dogecoin (DOGE) as a payment method on Twitter, click here to read our article.
New owner of Twitter, the richest man in the world has now a lot of work ahead of him to revive the American social network which is losing momentum in the face of competition from new social media. Many users, including the CEO of Binance, are waiting for radical measures to be taken in order to stop the spam that swarms on the exchange platform.