Binance founder CZ: It was a mistake for Nvidia to let Jensen Huang resign
Binance founder Changpeng Zhao (CZ) posted on X on November 12 that Nvidia letting Jensen resign was a mistake.
The statement was made in response to Nvidia’s announcement that day that Huang had resigned as president, chief executive officer, and director, and that CFO Colette Kress would serve as interim CEO. CZ did not elaborate further on the reasons, nor did he mention any specific investigation or allegation details.
Original source:
Title: It's a mistake for Nvidia to let Jensen resign.
Publisher: CZ 🔶 BNB (@cz_binance)
Publication date: 2026-11-12
URL: x.com/cz_binance/status/2120888881717612576
Source nature: Original post by the person involved
Verification status: The original post content was read through the X tool in this case, verification date 2026-11-12
Supporting content: Supports CZ's direct comment on Nvidia letting Huang resign
ABAB AI Insight
CZ’s statement places the focus on the trade-off between founder-led continuity and a company’s short-term personnel decisions. Under Huang’s leadership, Nvidia grew from a graphics chip maker into a core supplier of AI chips, with revenue and market value rising significantly; some people in the technology and crypto sectors believe that personal matter investigations and operational continuity can be handled separately.
The market has already reacted to the leadership change. Reports show that the stock fell noticeably after the announcement, and investors are watching the succession arrangement, customer relationships, and whether export and compliance issues related to previous customers such as Megaspeed will affect the pace of subsequent business.
As a major participant in the crypto industry, CZ’s view reflects more of a preference for the governance model of “founder-driven” tech companies than a comment on the outcome of any specific investigation. Nvidia’s board has already begun a formal CEO search while retaining Kress’s CFO duties, indicating that continuity in finance and operations is being prioritized during the transition period.
The key questions ahead are the board’s final choice, the extent to which the investigation results are made public, and whether the company’s exports to China, customer reviews, and internal governance will see observable policy or execution adjustments because of the leadership change.
ABAB News · Law of Perception
During the founder-led phase, personnel decisions are often priced by the market first as a continuity risk rather than solely by the progress of an investigation.
External commentary may separate personal matters from operational contributions, but board decisions still prioritize internal governance and compliance.