Chinese “bitcoin billionaire” Li Xiaolai joined the chorus of critics and accused Binance CEO “CZ” Zhao Changpeng of defrauding his users. On the same day, Binance competitor Huobi — which, like Binance, also conducts its cryptocurrency trades outside the mainland — received glowing coverage in Chinese media as being an important part of the tech cluster in Hainan, the new free ... The insulted big heads in China’s crypto industry respond to Li Xiaolai’s accusations ... Bitcoin Heavy-Weight Li Xiaolai Gets Response From Binance and Others He Called Cheaters. News . Tue, 07/10/2018 - 12:04. Yuri Molchan . The insulted big heads in China’s crypto industry respond to Li Xiaolai’s accusations. Cover image via U.Today. Several days ago an audio recording made by Li ... Other wealthy crypto personalities include Li Xiaolai, the English teacher-turned crypto investor who made a billion dollar fortune investing in crypto. Former Ripple CEO still on Forbes 400 Of the top 400 wealthiest Americans, Chris Larsen, former Ripple CEO, is the only cryptocurrency figure on the list with a total net worth of $2.1 billion USD. Third among the crypto contingent was Binance’s Changpeng Zhao, with an estimated value of US$2.2bn. Xu Mingxing of OKCoin came in at 354th, while Huobi’s Lin Li ranked 556th alongside noted Bitcoin whale, Xiaolai Li of BitFund. And it's amazing to see how Mr. Xiaolai can say what he says about companies like Binance, which made a name for their solid technology, products and users. Certainly, to take Binance as an example, they certainly have a lot to improve, but the claim that Zhao Changpeng is not a good guy is too far away and lacks proof, because he has always shown the opposite. Li Xiaolai, one of China’s Bitcoin tycoons, announced on September 30 that he will no longer invest in cryptocurrencies. The sudden announcement triggered controversies and speculations in the Chinese crypto sphere.
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