Binance for sale? CZ puts an end to rumors

Speculations have recently emerged on social media, suggesting a possible sale of Binance. These rumors have been fueled by unusual asset movements on the platform.

However, Changpeng Zhao (CZ), founder and former CEO of Binance, firmly denied these allegations, calling them "false rumors spread by a low-level competitor in Asia". He clarified that Binance was not for sale and emphasized that the platform could welcome new minority investors in the future.

Yi He, co-founder of Binance, also refuted these rumors, stating that they were part of a communication strategy by a competitor and indicating that Binance was rather in a position to acquire other platforms.