Binance’s CZ Offers OKX Founder $1 Billion Bet Over Divorce Dispute

Binance co-founder Changpeng Zhao (CZ) confirmed he is officially divorced and offered OKX founder Star Xu a $1 billion bet to prove it.

The challenge came after Xu questioned CZ’s marital status as part of a broader dispute triggered by CZ’s 457-page memoir “Freedom of Money,” released on April 8.

Star Xu Questions CZ’s Marital Status

Xu demanded that CZ produce a divorce agreement signed by both parties.

He said he would publicly apologize if CZ could present the document. If not, he argued, the claim would amount to public misrepresentation.

I typically ignore all these false claims and attacks. But… You can apologize now. I am officially divorced,” wrote CZ.

CZ responded by confirming his divorce and proposing a permanent wager of $1 billion. He stated he would not share legal documents online out of respect for his ex-wife’s privacy.

However, he offered to have lawyers verify the agreement if Xu accepted the bet.

“I am happy to bet $1 billion USD (or any number you choose) that: I am officially divorced (way before today),” CZ added.

He gave Xu a 24-hour window to respond, adding that silence would reveal who had been misleading the public.

A Feud Rooted in a Decade of Rivalry

The divorce dispute is the latest front in a conflict that dates back to 2014. CZ served as chief technology officer at OKCoin, the predecessor to OKX.

Their falling out over equity, a Bitcoin.com domain contract, and forgery allegations have resurfaced multiple times.

CZ’s memoir also claims Huobi founder Li Lin told him in 2025 that Xu had reported him to Chinese authorities. Xu has denied that claim.

“Both OKX and Binance are regulated by multiple regulators. As the UBO of a regulated company, publicly offering a $1 billion bet is hardly professional conduct,” Xu responded to CZ’s invitation.

The OKX executive also called on the attention of Binance’s regulators to CZ’s offer, questioning whether Changpeng Zhao’s Binance stake has been legally separated with his ex-wife.

“Bill Gates and Jeff Bezos have already shown what proper asset separation looks like in a divorce,” he added.

Yi He, the co-CEO of Binance, is the long-term life partner (romantic and business) and the mother of three of CZ’s children. Reportedly, CZ has five kids total, two from his previous marriage.

They met in 2014 while working at the crypto exchange OKCoin (she recruited him), and became a couple around that time, and co-founded Binance together in 2017.

Amid the ongoing talks between CZ and Star Xu, Yi He has come to her own defense, highlighting her role as the second largest shareholder and Co-CEO of Binance.

“I’m not some delicate wife literature female protagonist; I’m the second largest shareholder and Co-CEO of Binance who continues to fully suppress competitors even after CZ stepped down,” she articulated.

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