Elon Musk today denied statements attributed to him regarding Binance. The claim, circulating on social media, alleged that Musk criticized the exchange’s market dominance and urged investors to switch to other platforms.
The post in question claimed that Binance controls approximately 80% of the cryptocurrency market, presenting this view as if it were a statement by Musk. Binance founder Changpeng Zhao responded to the account that made the post, asking them to stop spreading misinformation.
Musk later joined the discussion. Responding to CZ’s comment, Musk stated that he had not shared such a thing and that the circulating content was fabricated.
Thus, both the statement itself and the call attributed to Musk for users to move their money from Binance to other platforms were directly refuted.
As you know, Binance recently suffered a major hacking attack, and Elon Musk also made statements about the matter.
*This is not investment advice.
