Persistent corridor noises evoke the future sale of the largest cryptocurrency exchange platform in the world, Binance. But this February 17, 2025, Changpeng Zhao came out of silence on X, accusing a “competitor” of orchestrating these unfounded rumors.
Persistent sales rumors on x Twitter
Would the Binance cryptocurrency exchange platform be for sale? Speculation started when a user of the X network has spotted Significant transfers of cryptocurrencies From walks belonging to Binance, reducing their Bitcoin assets.
What arouse questions about the company's financial health. These movements, deemed “suspects”, fueled the rumors that the current management prepared a sale of the platform.
Faced with the magnitude of speculation, Changpeng Zhao, co -founder of Binance and ancient CEO of the platform, went up to the niche to deny these allegations. According to him, these rumors would have been intentionally spread By a competitor seeking to harm the image of the largest cryptocurrency exchange platform in the world.
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On X, CZ was categorical:
“A competitor in Asia, who perceives himself as inferior, spreads rumors on the sale of Binance. Binance is not for sale. »»
According to him, transactions pointed out by Internet users are nothing more than simple accounting adjustments. Yi He, co -founder and influential executive of the company, has overcome, also on X.
“So the public relations strategy of our competitors consists in buying many articles and spreading rumors on Binance to divert attention? »»
It even went so far as to imply that in the event of a transaction, Binance would be rather a buyer than a seller, ending by “we are open to mergers and acquisitions”.
Buy crypto on binance, exchange n ° 1 in the world
Binance under several accusations
These rumors intervene as Binance is already the subject surveys in France and the United States. In France, justice is investigating suspicion of money laundering linked to drug trafficking and tax fraud between 2019 and 2024. The platform firmly denies these allegations, but the case adds additional pressure to the company.
Across the Atlantic, Binance is also under a legal procedure which has just been suspended for a period of 60 days. Again, the company defends itself from any violation of anti-flowage laws.
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Despite the accusations which can taint his reputation, Changpeng Zhao, who resigned from his CEO post in 2023 after pleading guilty of money laundering in the United States, assures that these obstacles do not threaten Binance's financial solidity.
Faced with these situations, the company intends to face: the legal teams work to prove the good faith of the platform, while CZ and Yi He continue their offensive communication.
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Source Illustration: Web Summit via Flickr, CC by 2.0
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