Binance founder Changpeng Zhao responds to allegations about his supposed ties to the U.S. Federal Reserve raised during an X Spaces discussion.
Changpeng Zhao's Denial
Changpeng Zhao dismissed claims made by Chinese KOL Liang Xi about his alleged involvement with the U.S. Federal Reserve. Zhao humorously addressed these allegations, stressing their baseless nature. Xi's comments drew significant attention, attracting over 119,000 listeners.
Market Stability Amidst Rumors
While these rumors created buzz, they did not impact Binance or its assets. According to CoinMarketCap, BNB currently stands at $586.60 with a market cap of $83.57 billion, representing 3.11% of market dominance.
Public Reaction
The crypto community largely supported Zhao, expressing skepticism towards Liang Xi's sensationalist claims. Zhao pointed out that this narrative was fabricated to attract traffic, echoed by the 119,000 listeners intrigued by the rumor.
Rumors regarding Changpeng Zhao's ties to the Federal Reserve highlight the importance of transparency and swift responses in the crypto industry, ultimately not affecting Binance's stability.
