CZ: I Went to Prison for Binance's Weak KYC, While Hyperliquid Has No KYC On June 29, 2026, Binance founder CZ CZ 🔶 BNB discussed Hyperliquid in an interview with The Block. He acknowledged its innovations but noted its no-KYC smart contract model fundamentally differs from a centralized exchange.... CZ mentioned the protocol is controlled by a small team with closed-source code and significant authority. He believes today's regulatory environment is vastly different, noting he went to prison for Binance's weak KYC, whereas Hyperliquid has no KYC. Although he would strongly oppose Binance adopting a similar model, he hopes Hyperliquid succeeds. If their mechanism is verified as decentralized, it could bring greater freedom to the industry.show more

@cz_binance Weak KYC is that what he’s calling it lol

cz's real point isn't the kyc gap, it's that hyperliquid runs on closed source code controlled by a small team, that's the actual regulatory risk, not the no kyc part. binance got hit for being centralized and non compliant, hyperliquid is decentralized in theory but the code being closed means nobody can verify that yet. the no kyc line is the easy story , the real question is whether hyperliquid team controlled contracts survives the same scrutiny binace didn't.

@cz_binance Love the guy, but c'mon BNB is like 12 nodes of him and his friends. He has nothing to comment on how decentralized a chain is lol.

@cz_binance He's got a lot more to worry about than KYC, that's just a diversion not to be taken back to jail again and giving away the large stash of money he's been stealing with scams, wash trading, and money laundering for terrorists since @binance's inception. He is like a walking dead!

@cz_binance Thanks for sharing the clip and the credit 🤝🙏

This comparison is misleading to anyone who doesn’t understand the underlying business model that creates KYC obligations in the first place. Binance built a centralized financial business. Customers opened accounts, deposited assets, and Binance acted as the intermediary across multiple financial services. Hyperliquid’s model is fundamentally different: users connect a wallet to access a trading protocol rather than handing assets to a centralized exchange in the same way. Reducing the comparison to “weak KYC vs no KYC” strips away the context that determines why KYC exists. I’d expect someone with @cz_binance experience to understand that better than anyone.

@cz_binance @TheBlockCo @gazza_jenks

@cz_binance @araistotle @grok granular transcription and factcheck

@cz_binance Thats why you re superior , proven tough

@cz_binance The key question isn't KYC vs no KYC—it's where control actually lives. If a small team can upgrade contracts, censor, or change risk parameters, regulators will likely view it differently than a credibly immutable protocol, regardless of branding.

@cz_binance KYC debates never really end

They are related historically (CZ built Binance and its early compliance shortcomings led to the enforcement action), but they are not the same voice today. CZ can comment more freely as an individual; the Binance company must prioritize ongoing regulatory compliance to continue operating at scale

@cz_binance regulations are undefeated patch notes

@cz_binance Cry cry more little bitch

@cz_binance The idiot is jealous of @HyperliquidX hyper liquid is drastically taking its Market share Cz is panicked totally 😂 While @HyperliquidX is serving the purpose of Crypto.

@cz_binance Shit, he knows nothing about decentralization. 😂 Thank God I closed my account there.

@cz_binance CZ got real, didn't hed Went to prison for Binance's weak KYC and now he's hoping Hyperliquid succeeds!.

@cz_binance ⭐ $HYPE decentralization rating 26/100 DScore How does it compare to $ETH $SOL? @BlockIndexAI 🔥 Sign up free at

@cz_binance CZ paid the ultimate pioneer tax. But is Hyperliquid truly safe under the 'code is law' shield, or are regulators just waiting for them to get too big? The line between CEX and DEX liability is thinning. What's the end game for non-KYC DeFi? 🧀

@cz_binance Cz is a snake

@cz_binance both exchange have their own bad side we can't deny it.

@cz_binance 呃這牢坐得真冤啊

@cz_binance Violating US money laundering laws, helping clients bypass sanctions....

@cz_binance This Chinese dirty brutal evil is still alive

@cz_binance CZ didn't go to prison for weak KYC. He went because Binance was big enough to matter to regulators. Hyperliquid stays free because it's still too small to threaten anyone.

@cz_binance 这逼真他妈坏

@cz_binance You should still be in prison.

@cz_binance Changpeng "CZ" Zhao was primarily accused of violating the Bank Secrecy Act by willfully failing to implement an effective anti-money laundering program at Binance, and deliberately violating U.S. economic sanctions. Not of weak KYC.

@cz_binance Bro, CZ took the L so Hyperliquid could run free. That's just how it is.

@cz_binance

@cz_binance the irony of that comparison is wild