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CZ Offers $1 Billion Bet in Public Clash With OKX’s Star Xu

The very public dispute tests the founders’ credibility with regulators.

Overview

  • Zhao offered a $1 billion wager on X on Thursday, giving Xu 24 hours to accept and tying it to proof that he is legally divorced.
  • Xu renewed claims that Zhao falsified OKCoin contract versions, pointing to a YouTube video with notarized logs from QQ, a Chinese chat app, and files labeled v7 and v8.
  • The flare-up followed the Wednesday release of Zhao’s memoir Freedom of Money, which revived interest in their decade-old OKCoin dispute.
  • Xu dismissed the wager as unprofessional for an owner of a regulated exchange and questioned how Zhao divided his Binance stake in the divorce.
  • No new legal action was reported, with coverage describing the exchange as a public revival of old accusations rather than a fresh case.