Binance CEO confirms readiness to provide funds to Elon Musk

In a recent interview with Bloomberg,Changpeng Zhao Binance-ceo-is-ready-to-support-elon-musks-twitter-purchase-endeavor">said that he supports Elon Musk and follows his activities: «He is leading, we are following,» the Binance CEO said.

The moderator of the meeting asked why Zhao is still so favorable to the deal with Twitter, while Musk himself does not show interest in buying the platform at the agreed price due to the potentially high percentage of bots and fake users. The Binance CEO said that Elon Musk’s supporters simply take him as an example and are ready to allocate the necessary funds if necessary.

Binance not only supports Elon Musk morally but also helps him financially. In early May, the US Securities and Exchange Commission published information about Mr. Musk’s purchase of Twitter. The document shows that $ 500 million was allocated for the purchase by the Binance crypto exchange. Changpeng Zhao confirmed this information, saying modestly: «This is our small contribution to the cause.»

Tesla’s CEO is trying to buy out Twitter to take the company private and rebuild the social network without pressure from public shareholders. He plans to reduce dependence on advertising, strengthen the fight against bots, and protect freedom of speech. Musk offered about $ 44 billion for Twitter.