CHANGPENG ZHAO

Funds are SAFU. That became a meme but it is also a promise. When we got hacked for $40 million in 2019, we covered every user's loss from our own reserves. Nobody lost a dollar.

We went from zero to the largest crypto exchange in the world in 6 months. Nothing in finance has ever scaled that fast. Not Coinbase. Not the NYSE. Nothing.

I pleaded guilty. I paid the fine. I went to prison. I accept responsibility. But Binance is still the largest exchange in the world and crypto is still going to change finance forever.

We raised $15 million in an ICO. That is all the outside capital Binance has ever taken. We never needed VCs because we were profitable from month one. When you charge 0.1% on $76 billion in daily volume, the math works.

Coinbase listed 10 tokens and called it responsible. We listed 350 and called it giving people what they want. The market decided who was right.

I was born in China, grew up in Canada, worked in Japan, and built a company with no headquarters that operates everywhere. I am not from anywhere. I am from the internet. Binance is from the internet.