Binance CEO Changpeng Zhao has given investors certain risks due to high risks. meme coin warned against buying them.
Binance The CEO made some statements stating that some Twitter accounts are used to promote “meme coin”. CZ warned that such accounts are often made by purchasing accounts he has already followed.
Changpeng Zhaowarned that they’re trying to do “advertising work” using profiles he follows on his Twitter profile. These users, on the other hand, buy the accounts that CZ follows in the simplest way, and they share with the claim that they are promoting a project by changing their names. CZ stated that he followed them to make his followers happy who responded to some of his previous tweets. announced.
then I unfollow. There are a few guys who informs me of those. 😆
NEWS CONTINUES BELOW— CZ 🔶 Binance (@cz_binance) April 21, 2023
Stay Away From These Meme Coin Projects!
Interestingly, the first target of people who buy such accounts is usually a meme coin is to make a presentation. Of course, most of these projects have deceptive price movements or even deceptive on-chain movements. The aim here is to make a scam by attracting the attention of investors especially through CZ. Although CZ has defined such projects, he did not give a specific project name.
There apparently are groups of people trying to buy accounts I follow, then issue meme coins. I unfollow and block them.
Don’t get into those meme coins either. Understand the risks. https://t.co/tNyfJskLV0
— CZ 🔶 Binance (@cz_binance) April 22, 2023
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