Huoxun Finance reported on February 3rd that Binance CEO Changpeng Zhao (CZ) responded to four recent FUD rumors on Twitter: Regarding the rumor of $7 million in trading volume caused by a fake Polymarket post, CZ clarified that this event did not exist and did not appear in any prediction markets. Regarding the statement that "CZ canceled the supercycle," he stated that he was merely expressing a decrease in market confidence and had no ability to control market cycles. Regarding the claim that "Binance sold $1 billion worth of Bitcoin," CZ pointed out that this was the trading behavior of Binance users and had nothing to do with Binance; Binance wallet balances only changed when users withdrew. Regarding the question of "Binance SAFU Fund not converting to BTC as planned," CZ explained that the fund conversion would be completed within 30 days, possibly concentrated near the deadline or weekly, and emphasized that Binance, as the centralized exchange with the best global liquidity, would not conduct purchase operations through DEXs. Furthermore, he stated that the $1 billion operation had a limited impact on Bitcoin's $1.7 trillion market capitalization and was merely a symbolic gesture. Finally, CZ stated that he will continue to focus on building BNB.
CZ responds to four recent FUD rumors
2026-02-03 01:34:02
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