Changpeng “CZ” Zhao on Thursday denied that he’s the proprietor of CommEX, the mysterious firm that has purchased Binance’s enterprise in Russia. Binance, of which CZ is the founder and chief government officer, this week introduced it was quitting Russia after studies of a U.S. Division of Justice investigation into sanctions violations. That led to questions across the identification of CommEX – an organization with related consumer feel and look to Binance, and which seems to only be just a few days previous. “I’m not their UBO [ultimate beneficial owner], nor do I personal any shares there,” CZ stated of CommEx in a submit on X, previously Twitter, including that just a few former Binance workers from the area have gone to work for CommEX, or might achieve this in future.
