On February 17, Changpeng Zhao (CZ) officially denied rumors that the exchange was for sale. CZ stated: “A small self-proclaimed competitor in Asia is spreading false information about Binance (CEX) being for sale. As a shareholder, I affirm that Binance is not for sale.”
Co-founder Yi He also denied rumors of selling Binance, saying it was a PR strategy by a competitor and emphasizing that Binance prefers to buy.
The rumor emerged after reports of a drop in Binance's assets. Explaining the sharp drop in holdings, the exchange's support team stated, "Binance did not sell assets. This is just an internal adjustment in the exchange's treasury audit process. User funds remain SAFU."
Rumors of Binance being put up for sale have been completely denied by CZ and Yi He, who insist that the exchange is still operating stably. Despite facing numerous legal challenges and intense scrutiny, Binance has maintained its position as the world's largest cryptocurrency exchange.
#Binance #CZ #YiHe
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