TLDR
- Changpeng Zhao updated X profile from “ex-@binance” to “@binance” sparking comeback rumors
- BNB price jumped 5% to hit all-time high of $960 on the speculation
- Trading volume surged 37.3% to $3.31 billion as markets reacted to profile change
- Legal restrictions still prevent CZ from formally managing Binance operations
- Binance reportedly nearing deal with DOJ to end compliance oversight requirements
Binance founder Changpeng Zhao triggered fresh speculation about his return after quietly updating his social media profile. The former CEO changed his X bio from “ex-@binance” to “@binance” on Tuesday, sending crypto markets into a frenzy.
The profile update came nearly two years after Zhao stepped down in November 2023. He resigned as part of a $4.3 billion settlement with U.S. regulators over anti-money laundering violations.
BNB token responded immediately with a 5% price surge to $960. The Binance-native cryptocurrency hit a new all-time high despite broader market consolidation across other digital assets.
Crypto journalist Wu Blockchain first spotted the profile change that ignited return speculation. The observation quickly spread across trading communities and social media platforms.
The timing coincides with reports that Binance is close to ending DOJ compliance oversight. The exchange has been working to resolve regulatory issues stemming from its 2023 settlement agreement.
Why BNB Price Surged on CZ News
Trading data shows strong market reaction to the Zhao profile update. BNB daily volume jumped 37.3% to $3.31 billion as traders positioned for potential developments.
Futures markets also showed bullish sentiment with open interest climbing 10.5% to over $1.83 billion according to Coinglass. Market analysts now eye a potential breakout above $1,000 for the altcoin.
The price action demonstrates Zhao’s continued influence on Binance’s brand value. Many investors still associate the exchange’s rapid growth with his leadership during the early years.
Zhao remains a majority shareholder in Binance with voting rights that allow indirect governance influence. However, his plea agreement permanently bars him from managing or operating the exchange.
Legal Barriers Still Block CZ Return to Leadership
Despite the speculation, legal restrictions prevent any formal management role for Zhao. His plea agreement includes permanent prohibitions on holding executive positions or day-to-day decision-making.
Richard Teng currently serves as Binance CEO after taking over leadership during the 2023 settlement. Zhao has previously stated he does not plan to return to the CEO role.
Any potential involvement would likely take the form of advisory roles or public engagements that comply with legal restrictions. These could include speaking events or thought leadership roles that avoid operational management.
The profile change represents the first return rumors since Binance resolved major legal issues in May 2025. Traders and analysts will watch for further signals from Zhao or official company announcements about his future involvement.
