Binance founder Changpeng Zhao (CZ) has denied allegations reported by the New York Times regarding ties to a dinner related to a Trump-themed meme coin.
NYT Allegations
The New York Times claimed that there was a connection between CZ and a dinner associated with a meme coin inspired by Donald Trump. The article also mentioned Tianying He, known as 'Sky'.
CZ's Response
CZ responded via social media, denying any links to Tianying He. He stated: 'I didn’t know who Sky was when I saw his photo with a BNB Chain logo. I followed him after that post. I have never discussed Donald Trump, U.S. politics, or meme coins with Sky, nor did I know about the LuckyFuture project until after the fact. How desperate do you have to be to make up the story above? Or are you being paid to smear?' — Changpeng Zhao.
Market Impact
Following the publication, the immediate effect on the cryptocurrency market appeared minimal. Major cryptocurrencies like BTC, ETH, and BNB showed no significant fluctuations. Blockchain data showed no unusual activity related to the alleged dinner or meme coins.
This incident underscores the importance of transparency in the crypto industry and the need for effective ways to combat misinformation. CZ's firm denial could help bolster investor confidence in Binance.
