Binance’s Billionaire CEO Casts Himself as Crypto’s New Savior

Among the many things shattered in the collapse of FTX was the image of Sam Bankman-Fried as the crypto industry’s benevolent king. Now the man who hastened his demise with a tweet appears to want that job for himself.

Changpeng “CZ” Zhao, head of Binance Holdings Ltd., issued a flurry of tweets and comments in recent days seemingly aimed at bolstering his credentials as crypto’s standard-bearer, capping them Monday by announcing a fund to aid crypto firms in crisis. That triggered a rebound in digital-asset prices even though he was short on detail. CZ also unveiled plans to help ...