Binance founder Changpeng Zhao (CZ) recently became the focus of rumors suggesting a possible sale of Binance's U.S. shares through WLFI. However, CZ quickly denied these claims.
Rumor Context
Rumors about Binance's U.S. shares potentially being acquired through WLFI emerged after Justin Sun's significant investments in the company. However, a source reported by WSJ indicated that no progress on the stock sale had been observed. Media outlets speculated that CZ might pursue a similar path to avoid allegations.
CZ's Response to Reports
CZ took to social media to refute the allegations published by WSJ. He emphasized that he had not engaged in any discussions about selling the U.S. operations of Binance and expressed disappointment in the misrepresentation of facts.
Impact on Crypto Market
The announcement affected the price of Binance Coin (BNB), which fell to the $575 range after exceeding $600. This illustrates how news reports can influence the cryptocurrency market.
CZ has strongly denied the rumors surrounding Binance, emphasizing the importance of objective reporting. This situation also highlights the impact of speculation on the cryptocurrency market and the need for reliable sources of information.
