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Binance has become the center of attention following rumors that a portion of its U.S. shares would be acquired through WLFI. A report by WSJ indicated that sources familiar with the situation claimed progress had stalled regarding the stock sale. However, CZ, the founder of Binance, recently denied these claims, asserting that they are completely false.
CZ Responds to Rumors
CZ took to social media to refute the allegations made by WSJ. The speculation arose after Justin Sun’s significant WLFI investment led to rumors that CZ might pursue a similar path to escape his allegations. However, CZ emphasized that he had not engaged in discussions about a deal regarding Binance’s U.S. operations.
“Last month, the SEC requested the court to halt its fraud case against Sun and three companies. An insider mentioned that Binance executives were considering similar tactics after Sun’s investment.” – WSJ
CZ expressed his disappointment at the misrepresentation of facts by WSJ. He stressed that no one should assume he sought a deal, especially given his unique legal situation as the only individual ever convicted for a BSA offense in U.S. history. He believes the article reflects an ongoing assault on the presidency and crypto, suggesting remnants of a “war against crypto” remain active.
Furthermore, the announcement impacted the price of BNB Coin, which retreated to the $575 range after exceeding $600.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
