Statements from Binance CEO Regarding the Allegation of Bitcoin Drop: Photoshop!

Binance CEO Changpeng Zhao (CZ) refuted the rumors after red notice allegations against him triggered a short-term drop in the price of Bitcoin (BTC) and Binance Coin (BNB).

The cryptocurrency industry, and especially recently Binance, continues to grapple with FUD news. Finally 0xab42 In a post shared by a Twitter user named CZ, Interpol He claimed that he was wanted by a red notice. widely spread in the market and some cryptocurrency phenomena This sharing, which is again served by Bitcoin and BNB caused a sudden drop in price.

Another anonymous account known in the crypto community as Cobie shared an encrypted message. The details of the message said that Interpol called CZ with a red notice. Cobie later said that an acquaintance who had the key to this encrypted message “churning the market” He claimed that he had leaked the message in question and got out of it like this:

It seems that someone (a handful of potential people) I was discussing the rumor with leaked the password, removed the context of the rumor, etc. to create excitement at my expense. Anyway, it was never supposed to be readable unless I explained it, sorry for that. Once again, I will narrow the list of people I can trust.

Taking action after all the rumors CZbefore long these posts are photoshop told. Shortly after CZ’s statements 0xab42Share has been deleted. CZ takes this latest FUD initiative in the industry. an intentional attack supported by other exchanges aspect defined:

The latest FUD was only spread by crypto news outlets and possibly sponsored by another exchange. Such initiatives harm both the industry and themselves. There are enough outside forces attacking us. Our industry needs to unite at this point.

Continuing his explanations on the subject through social media, CZ also warned people who have investments in this sector. Reminding that similar FUD news are constantly being released, CZ said that those who sell with these news will never be rich. stressed:

If you panic sell after FUD or photoshopped images, you probably won’t get rich.

A Binance spokesperson also confirmed CZ, emphasizing that these circulating news are not original.

Bitcoin with the spread of FUD news, according to CoinGecko data 2.77% down From $28,150 to $27,370 as much as it declined. BNB at the same time 3.7% by losing value 311 dollars from the level $300 until withdrawn. bitcoin at the time of writing from $28,151, BNB whereas from $311 finds buyers.


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