Changpeng Zhao Says Solana's Shanghai Ad Came Down in 10 Minutes as Event Stalls

Binance founder Changpeng “CZ” Zhao reported that a Solana $SOL advertisement displayed on a building along Shanghai’s Bund waterfront was removed within 10 minutes, while local officers kept guests outside a Solana event in the city on Friday, forcing organizers to postpone it. Zhao rejected claims from X users that his earlier post praising Solana's new Shanghai office — which drew more than 1M views — alerted authorities to the campaign, stating that he only came across the ad on X 12 to 24 hours after it had already been taken down. While Solana retains its Shanghai office, the swift removal underscores Mainland China's strict enforcement following its 2021 ban on crypto trading and its February regulatory expansion targeting stablecoin issuance and asset tokenization. "I am always supportive of any blockchain making any progress in any country." — Changpeng Zhao, Founder of Binance.