Binance Co-Founder and former CEO Changpeng Zhao has denied
rumors that the cryptocurrency alternate is on the market.
Co-founder Yi He additionally addressed the rumors. She claimed they
had been a part of a PR technique by a competitor and urged that Binance would
reasonably purchase exchanges than promote, Cointelegraph reported.
Sale Hypothesis Follows Binance Asset Strikes
“Some lowly self-perceived competitor in Asia fudding
about Binance (CEX) on the market,” Zhao mentioned on Feb. 17 on X. “As a
shareholder, Binance just isn’t on the market.”
4. Some lowly self-perceived competitor in Asia fudding about Binance (CEX) on the market.😂As a shareholder, Binance just isn’t on the market.Prime traders have all the time been enthusiastic about Binance. Over time, we could permit some investments within the single-digit share vary.🤷♂️
— CZ 🔶 BNB (@cz_binance) February 17, 2025
The hypothesis adopted actions of Binance’s belongings. On
Feb. 11, X consumer AB Kuai.Dong highlighted a big discount within the
alternate’s holdings, together with Bitcoin. Binance has denied that the adjustments
had been linked to asset gross sales, stating that they had been “merely an adjustment
within the Binance treasury’s accounting course of.”
Zhao lately accomplished a four-month jail sentence after
pleading responsible to violating US Anti-Cash Laundering legal guidelines. Following his
exit, Richard Teng grew to become CEO and has targeted on regulatory compliance as
Binance faces authorized challenges.
This text was written by Tareq Sikder at www.financemagnates.com.
