Crypto star Changpeng Zhao holds his own against his eternal adversary Bankman-Fried

Frankfort, New York Changpeng Zhao, also known as CZ, is one of the big stars of the crypto industry. At his public appearances, his mostly young followers throng to get a photo with the head of crypto exchange Binance, which the Chinese has built into the world’s largest crypto exchange in just five years.

Since Tuesday afternoon, it has now become apparent that interest in the multi-billionaire is likely to increase drastically. Because CZ won the year-long competition with its worst opponent, Sam Bankman-Fried, co-founder and head of the third-largest crypto exchange FTX. Binance is poised to take over FTX in a distress sale. This had become necessary to stop a surprise bank run at FTX.