Changpeng Zhao (CZ), CEO of crypto exchange Binance, denied allegations made by the SEC that $12 billion in user assets were used for personal gain.
Binance CEO CZ has responded to the serious accusations that the US Securities and Exchange Commission (SEC) brought against Binance and him.
In its report to the court, the SEC lists Binance and Binance.US $12 billion client fund controlled by CZ bill And to companies accused of transferring. In response to these allegations, CEO CZ recently made a statement on social media. in the statement, claims are not technically possible. and in its simplest form wrong is expressed.
Binance.US’s approx. worth $2 billion CZ states that it contains a user entity, and these entities are never not be moved without users’ permission. stressed.
These claims are simply false. I’m not sure if it’s because of the journalist or because of the source. As far as I know, Binance.US has a total of roughly $2 billion in user funds. In dollar terms, this value fluctuates a bit as crypto prices change and drops as users withdraw due to the latest news. All user funds are included in the account. Under no circumstances will they be taken out of Binance.US. (unless users want to shoot it themselves, of course).
On the other hand, a social media user who commented on this post of CZ, said that the real war going on here is a part of it. propaganda war He stated that he was the CEO of the to perception operations invited to play more strategically against:
CZ, we’re not fighting logic here. What we are fighting here is the US government acting like a propaganda machine. You have to improve your game and rise to their level. Their goal is to spread as much disinformation as they can to change the public’s perception of you and Binance. If you repeat a lie long enough, the sheep will start to believe it.
CZ’s answer on this subject is more realistic And net it happened. Stating that the 12 billion dollar asset does not come close to the asset belonging to Binance.US, the CEO said that the US side of the stock market never had such an amount stressed.