Changpeng Zhao, former CEO of Cryptocurrency Trade Binance, just lately made a pessimistic remark about France, claiming that the European Union’s second-largest financial system has change into a “downhill” prior to now few years.
Zhao pointed to the wave of cryptocurrency lures which have occurred in France over the previous few years and the controversial arrest of Telegram CEO Pavel Durov final August.
That stated, Zhao hopes issues get higher for one of many main EU nations.
Additionally it is value noting that France additionally started its Binance investigation in early 2025, in keeping with Reuters.
The wave of code temptations
France has made repeated headlines this yr in crypto media because of a wave of cryptocurrency-related lures.
In January, ledger co-founder David Barand was accused of from his house in central France, and the temptator demanded a ransom of 10 million euros. Barand minimize one in all his fingers in the course of the lure earlier than being rescued by the French elite safety forces.
In Might, the daddy of a cryptocurrency billionaire was invited earlier than being rescued by police. In the identical month, the daughter of Paymium CEO Pierre Noizat was attacked by a masked man alongside along with her little one. The masked attacker tried to push her into the van.
Roughly 25 folks have been charged by French authorities in reference to a collection of troublesome temptations. New safety measures have additionally been launched tailor-made for crypto specialists.
The Tower of Notre Dame has reopened
Zhao’s criticism of France comes after the reopening of the medieval twin towers of Notre Dame. It took 5 years to rebuild them after the devastating fires that occurred in April 2019.
CZ stated Binance had donated “fairly early” to the restoration of Notre Dame, including that it could be good to see the long-lasting landmark lastly reopening.
“I hope it helps to make France a safer nation (even in a small approach),” CZ stated.
