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Binance CEO Is Now Collecting Donations to Fight Craig Wright

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Tue, 05/07/2019 - 16:09
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Contents

Binance CEO Changpeng Zhao has kicked off a new Binance Charity Foundation program to help out those who struggle to pay legal fees after being sued by Craig Wright. In such a way, he wants to prevent the self-proclaimed Satoshi from bullying people.   

CSW is picking on the people who have a hard time fronting their legal fees. How about we do a @BinanceBCF charity program to raise money from the community for legal fees for anyone CSW sues?@PeterMcCormack @rogerkver @jihanwu

— CZ Binance (@cz_binance) May 7, 2019

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The legal battle continues

 After the self-proclaimed Satoshi Dr. Craig Wright went on a lawsuit spree, numerous crypto personalities now have to deal with legal fees. However, not everyone drives Lambos with ‘BITCOIN’ license plates, and it could be quite burdensome for some to face Wright’s legal threats. In order to tackle that problem, Binance urges the crypto community to give a helping hand to those in need.
   
In lieu of stepping aside from the Wright-Bitcoin SV controversy that resulted in some negative coverage for Binance, CZ continues to fight against the alleged Satoshi Nakamoto. Wright will have to cover the legal fees himself if he loses his case in court.

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Fake Satoshi Craig Wright Sues ‘Bitcoin Jesus’ Roger Ver for Libel - READ MORE

A #positive crypto force

First, CZ will do the good deed himself by donating $10,000 worth of BNB (Binance’s native token). After collecting the necessary amount of crypto, according to Binance’s CEO, the lawsuits will stop ‘automatically.’

All crypto donations will be sent to high-profile lawyers from BCF. In order to reach the maximum level of transparency, every single transaction will be recorded on the Blockchain. Lawyers are supposed to give back the extra funds that will be either returned to the donors or allocated to charitable causes.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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