Binance Co-Founder CZ Accepts $1 Billion Bet Challenge Over Divorce

Cryptocurrency exchange Binance has been at the center of a controversy surrounding the marital status of its co-founder Changpeng Zhao (CZ). In a recent development, CZ confirmed his divorce and challenged OKX founder Star Xu to a $1 billion bet.

The dispute began when Xu questioned CZ's marital status as part of a broader dispute triggered by CZ's memoir 'Freedom of Money', which was released on April 8. Xu demanded that CZ produce a signed divorce agreement, threatening to publicly apologize if he could present the document. However, CZ responded by confirming his divorce and proposing a permanent wager of $1 billion.

CZ stated that he would not share legal documents online out of respect for his ex-wife's privacy but offered to have lawyers verify the agreement if Xu accepted the bet. The challenge has sparked a heated debate, with some questioning whether CZ's Binance stake has been legally separated from his ex-wife's assets.