The unconfirmed Interpol Red Bulletin rumor for Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, has turned the exchange’s native token Binance Coin (BNB) and market-leading Bitcoin (BTC) south.
Red Notice claim about Binance CEO CZ!
cryptocoin.comAs you follow, leading cryptocurrency exchange Binance and its CEO were sued last week by the US Commodity Futures Trading Commission for “deliberate violations” of US law. Binance’s exchange coin, BNB, tumbled more than 3% Monday afternoon amid an unconfirmed rumor that an Interpol Red Notice was issued for exchange founder and CEO Changpeng Zhao (CZ).
“Interpol Red Notice for CZ” read in a cryptic message from closely followed Crypto Twitter user Cobie. The message contained a series of letters and numbers encrypted using the SHA-256 hash function, the same cryptography that secures many cryptocurrencies, including Bitcoin.
However, Binance and Interpol spokespersons have yet to comment on the allegations and have not responded to requests for comment.
Red Bulletin claim hit the market and BNB dropped
The rumor comes days after Binance and Zhao were sued by the US Commodity Futures Trading Commission for “deliberate avoidance” of US law. The CFTC lawsuit has also triggered fears that an upcoming U.S. Department of Justice lawsuit could soon follow, along with potential criminal charges.
According to the Interpol website, “The Red Notice is a request to law enforcement around the world to locate and temporarily arrest a person pending extradition, surrender or similar legal action.” On the site, “Persons are sought by the requesting member state or international court.” it is called.
BNB dropped nearly 4% in the minutes that followed, after these allegations spread. As of press time, BNB has lost 2.75% in the last 24 hours to $ 304. Leading crypto Bitcoin (BTC) also took a significant hit, dropping just over 2% to $27,500.
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