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- Changpeng Zhao, the CEO Binance, has debunked rumors that he is on Interpol’s red notice list, according to photoshopped images making rounds on crypto twitter.
- CZ maintains that the rumors are engineered by other exchanges and pushed by key players. He warns the market on panic selling triggered by FUD.
It is a known fact that a handful of crypto firms have been targeted by U.S. regulators. The SEC in particular has fixed its gaze on certain crypto projects and firms in the past.
Some of the founders of these projects have been placed on Interpol’s red list. However, Changpeng Zhao, the CEO of Binance is not one. Although rumors making rounds in the market have hinted otherwise, CZ has taken time out to make a much-needed clarification.
Taking to Twitter, the CEO of the largest crypto exchange attempted to counter the spread of new fear, uncertainty, and doubt (FUD). Combating the rumors from some members of the community, CZ retweeted pictures that hinted that the Binance boss was on Interpol’s watch list. The post hinted that CZ, like a handful of crypto bosses, was battling legal issues, as the images were linked to an Interpol red notice webpage.
CZ halted the narrative that has been spreading on crypto Twitter, saying, in response to the photos, “How FUD starts, then…”.
“They first write “news” about potential rumors, then they write “news” about the rumors being false. People choose to lose credibility over some clicks.” He wrote.
CZ and other crypto players warn crypto holders about panic selling
In a follow-up tweet, CZ claimed that the FUD was being pushed by crypto news platforms and key opinion leaders (KOLs) in the crypto market. He believes the FUD was also sponsored by other crypto exchanges, and brands the move as petty. The CEO called for unity while acknowledging that the industry already receives a lot of pushback from outsiders. In his recent tweet, CZ wrote:
The latest Fud was only spread by crypto news outlets and KOLs, likely planted/sponsored by another exchange. Very petty. Hurts the industry and hurts themselves. There are enough external forces attacking us. Our industry needs to unite at this juncture.
FUD in the crypto market can trigger panic selling from crypto holders who are conflicted about the collective market sentiment. Changpeng Zhao recognizes this, and proceeds to warn crypto users against panic selling. He tells market players to block the FUD sources. Crypto holders who panic sell over a photoshopped image, are not likely to become rich, he added.
DonCrypto, a popular crypto proponent has also made it a point to defend the Binance CEO. He branded the Interpol pictures as fake and proceeded to warn Bitcoin holders, saying “They want your Bitcoin don’t panic sell it to them until 1 million.”
I needed 5 min of search to understand:
– the CZ interpol pic is fake
– the FUD against Binance is engineered on purpose
– Cobie had nothing to do with itThey want your bitcoin don’t panic sell it to them until 1 million. https://t.co/YbNnb60GMw
— doncrypto (@DonCryptoDraper) April 4, 2023
