Svmuu News CZ mentioned in his personal memoir "Life at Binance" that in early 2014, he was recommended to become the CEO of Mt.Gox's China operations, responsible for the Chinese business, with the opportunity to receive 10% equity. However, just as the contract was about to be signed, Mt.Gox collapsed on February 7, 2014, suspending user withdrawals, leading CZ to decide not to join.
But CZ was not without losses. After the Mt.Gox collapse, the 100 Bitcoins he personally held on Mt.Gox (worth $50,000 at the time, approximately $7 million today) were also lost. However, CZ did not pursue recovery.