BinanceThe exchange’s CEO, Changpeng Zhao, is neither Bitcoin (BTC) nor Binance’s own token. BNBHe said he didn’t sell.
The repercussions of the lawsuit filed against Binance by the US Securities and Exchange Commission (SEC) continue. The SEC filed different charges against Zhao and Binance. According to the lawsuit, which came to the fore in the first week of June, Binance violates the US Securities Act. More than 10 cryptocurrencies were considered securities in the lawsuit filed.
Binance CEO CZ Says They Are Not Selling BTC and BNB
During the lawsuit, the issue of freezing the assets of the US arm of Binance was also brought up. However, news emerged that reconciliation talks were held on this issue. The SEC and Binance are trying to reach a compromise on freezing US assets. Binance US will have to transfer all its US-based assets to new wallets. But he will be allowed to pay his bills under a proposed approval order.
Besides all these Binance CEO Changpeng Zhao , takes the path of Twitter to inform its followers at every opportunity. In his latest tweet, Zhao said, “Binance, BTCor BNB did not sell. In fact, we still have FTT,” he said, and again issued a FUD warning.
4. Binance have not sold BTC or BNB. We even still have a bag of FTT.
It is amazing they can know exactly who sold based on just a price chart involving millions of traders. FUD. 🤷♂️ pic.twitter.com/M3MUH2bFRE
— CZ 🔶 Binance (@cz_binance) June 13, 2023
The cryptocurrency ecosystem was shaken by the bankruptcy of FTX not long ago. If this year SECBy suing two cryptocurrency exchanges, such as Binance and Coinbase, it has actually fueled concerns that the difficult days in the market may be longer.
According to Reuters, BNB has lost more than 20 percent since the SEC’s move.
