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Binance’s CZ and OKX’s Star Xu Reignite Feud With $1 Billion Bet After Memoir Release

The public fight spotlights reputational risks for exchanges seeking wider regulatory approval.

Overview

  • CZ, who offered a $1 billion wager Thursday that he is officially divorced, gave Star Xu 24 hours to accept and said lawyers could verify the documents.
  • Xu rejected the bet as unprofessional for a regulated exchange leader and pressed whether CZ’s Binance stake was legally separated in any divorce.
  • Xu resurfaced decade‑old claims from CZ’s 2014–2015 OKCoin stint, sharing a notarized video and QQ chat logs, a Chinese messaging app, that he says show conflicting contract versions with a six‑month termination clause.
  • CZ’s prison‑written memoir, released April 8 and described as donating proceeds to charity, revisits old industry disputes and prompted Xu to call him a habitual liar and to dispute episodes recounted in the book.
  • No new court filings or regulatory actions have followed the posts, though the high‑visibility spat has drawn heavy engagement on X and raises fresh questions for both firms’ compliance and licensing narratives.