Binance CEO Changpeng Zhao, commonly known as CZ, released an internal letter addressing the recent disclosure of employee chat records by the U.S. Securities and Exchange Commission (SEC). The leaked chat logs have caused significant damage to the reputation of both the exchange and the individuals involved.
CZ started the letter by reminding employees of the importance of transparency during these challenging times. He emphasized that investigators will inevitably request chat logs, urging employees to be mindful of their conversations. “Anything you say can/will show up in a courtroom (or on the internet) one day,” CZ warned.

While expressing his disappointment with the SEC’s decision to use private chat records in a public poster, CZ reassured his team that Binance always cooperates with investigators. However, he clarified that the company does not regularly monitor employee chat logs, adding that it was his first time seeing the leaked records himself.
In an effort to boost morale, CZ shared two tweets with his employees. The first tweet highlighted the damaging impact of private conversations from five years ago, emphasizing the need for caution in all communications.
He encouraged dissatisfied employees to discuss their concerns with their managers and consider their career choices, advocating for a work environment where individuals are passionate about their jobs.
Support from Binance Users
The second tweet showcased the overwhelming support from Binance users for the company’s ongoing efforts to develop innovative products. CZ reiterated his message of perseverance in difficult times, urging employees to stay focused and committed to Binance’s mission of “the freedom of money.”
This internal communication comes in the wake of a tweet thread by Adam Cochran, founder of CEHV, who shared evidence from the SEC case against Binance, including the leaked chat logs. The thread revealed discussions between Sam Lin, Binance’s former compliance lead, and Alvin, previously the head of business development.
Despite the recent setback, Binance received a boost of positive comments from users after announcing its partnership with LATAM-based Credencial Payments. This collaboration enables Binance Pay users to make real-time crypto payments, showcasing the company’s dedication to building valuable products for its customer base.
However, CZ’s internal letter seeks to reestablish trust and restore the reputation of the exchange amid the ongoing regulatory scrutiny. With a commitment to maintaining high ethical standards and protecting its users, Binance aims to overcome its current challenges and continue its mission with the support of its employees and user community.
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