CZ Clarifies: I Do Not Own 90% of Binance Shares, Dropped Out in the Fourth Year to Work

Binance founder Zhao Changpeng (CZ) stated on X that he does not own 90% of Binance shares, nor is he a graduate of McGill University. (Background: Has the giant turned into a shrimp? James Wynn opens another Bitcoin long position but valued at less than $20,000, supporting CZ's push for dark pool DEX: can explode Hyperliquid) (Supplementary background: Please call CZ 'Big Brother' from now on! Thanks to the community for this nickname—it's an honor—secretly venting anger at The New York Times) Recently, Binance (Binance) founder Zhao Changpeng (CZ) clarified a long-held belief in the community: the rumor that he holds '90% of Binance stock.' In the past, it was rumored that CZ held 90% of Binance's shares. Although he is no longer the company's CEO (due to a plea agreement with the U.S. government that prohibits him from participating in Binance operations), as a major shareholder, he still holds considerable influence. In response, CZ clearly stated that he does not own 90% of the shares, but did not clarify how many he actually has. While this helps the public equate high shareholding with centralized decision-making risks, it still leaves the question of 'how much exactly?' Thanks for the post. 2 minor corrections. I don't own 90%. Didn't graduate from McGill, dropped out in the 4th year to continue working, and eventually got a degree at a distant education college, just so that it is easier to get a work visa. — CZ BNB (@cz_binance) June 14, 2025 McGill graduate? Actually dropped out in the fourth year. Another rumor claims CZ graduated from McGill University's computer science program. CZ also clarified that he dropped out in his fourth year at McGill to enter the industry, and later obtained a degree from a distant education college to facilitate obtaining a work visa. Two minor corrections: I don't own 90% of the shares, and I didn't graduate from McGill. I can only say that another record of dropping out of university and achieving greatness has been born. Related reports: $HYPE surged to $42, reaching a historic high! The buddy brother took profits and earned $6.5 million, while whales bought heavily into Hyperliquid. Has the giant turned into a shrimp? James Wynn opens another Bitcoin long position but valued at less than $20,000, supporting CZ's push for dark pool DEX: can explode Hyperliquid. "CZ clarifies: I do not own 90% of Binance shares, I dropped out in the fourth year to work" this article was first published on BlockTempo (the most influential blockchain news media).