Binance, the world's largest cryptocurrency exchange, was once again the target of the Wall Street Journal. The source in question had previously published many negative articles about Binance.
In its news published today, the Wall Street Journal claimed that Binance was “beginning to collapse”. WSJ sources based their claim on an unnamed source and claimed that Binance's other founder, Yi He, saw one of his internal messages. According to WSJ's alleged source, Yi He issued the following message to company employees:
“Every war is a make-or-break situation, and the only thing that can defeat us is ourselves. “We have won countless times and we need to win this time too.”
He alleged that the US Department of Justice conducted a years-long investigation that could result in criminal charges for Binance and its co-founder Changpeng Zhao.
Binance CEO Zhao: “Wall Street Journal Declared Sam Bankman-Fried a Hero”
Changpeng Zhao, the CEO and founder of the cryptocurrency exchange, responded to WSJ's claims without delay. Zhao shared the article in which Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX, who was accused of fraud, was declared the hero of the cryptocurrency industry by WSJ before the company went bankrupt, and said that the owner of the allegations was a source that should not be taken into account.
In addition, he stated that the SBF news in question is still on air and shared the link to this news.
*This is not investment advice.