Changpeng Zhao, CEO of Binance, the world's largest cryptocurrency exchange, responded to a FUD circulating in the cryptocurrency Twitter world in the last hours.
In the allegations in question, it was argued that Binance prevented the BNB price from falling by selling the Bitcoins it held.
Changpeng Zhao denied these allegations in a statement on his official Twitter account. CZ shared the number “4” meaning “ignore FUD” and said the company does not sell Bitcoin or BNB.
In addition, CZ stated that they still hold a large amount even from the FTT token.
The claims denied by CZ said that Bitcoins were first converted to USDT and then used to buy BNB.
4. @Binance have not sold BTC or BNB. We even still have a bag of FTT.
— CZ 🔶 Binance (@cz_binance) June 13, 2023
The FTT token was the native token of the bankrupt cryptocurrency exchange FTX and had a sudden drop after the stock market crashed. The wick of the events that led to the collapse of the FTX stock market was already ignited after Binance wanted to sell this FTT stash.
*Not investment advice.
