Binance CEO invest $500 mn in Elon Musk’s Twitter to support free speech

Leading cryptocurrency exchange Binance’s CEO Changpeng Zhao has said that his company invested $500 million in Elon Musk’s Twitter because he is “extremely supportive” of free speech.

Zhao, famously known as CZ, told an audience at the Web Summit in Lisbon that “when we invest in a deal, we’re very comfortable if the deal goes through. We’re very comfortable if the deal doesn’t go through. We always want to get to a point where we’re in that position”.

“Number one is that we want to be extremely supportive of free speech,” he said. “Twitter is an important free speech platform.”

Zhao admitted that he was “honestly” a “little bit surprised” when the deal finally went through as Musk is a “pretty hard guy for me to predict”.