OKX founder rejects Changpeng Zhao's $1B bet on divorce status

OKX founder Xu Mingxing (Star) has rejected a $1 billion bet from Binance founder Changpeng Zhao on X. The wager was proposed after Xu raised suspicions about Zhao's marital status. Xu stated that he declined the bet because OKX's compliance culture and United Arab Emirates (UAE) laws do not permit gambling. He claimed that while he is not interested in Zhao's private life, he has a right to correct false information that Zhao has allegedly spread about him in an autobiography and interviews. Xu added that the division of assets from a 20-year marriage is a "legal obligation and a basic ethical responsibility," and that failing to fulfill this duty raises questions about a person's credibility and morality.