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.

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.