Binance CEO Changpeng Zhao (CZ) said that a report about him is false.
The CEO of the largest cryptocurrency exchange, CZ, denied a news about him on his Twitter account. However, CZ continued his statements on his own Twitter account.
Binance CEO CZ Writes A Report Is Wrong
Binance CEO CZ wrote on his Twitter account that a news story involving Binance US and himself was false. The CEO denied the reality of this news and made a statement on his Twitter account.
CZ used the following statements in his statements:
“This is simply wrong. It is not clear where the error originates from, whether it is a journalist or a source. As far as I know, Binance US had roughly $2 billion in user funds. This fund is the approximate dollar equivalent of all assets. This fund fluctuates a bit as crypto prices change. And due to the latest news, users can fall from the platform as long as they go. All user funds are counted and never leave the Binance US platform (unless users withdraw their own funds, of course).”
This is simply false. Not sure if it's the journalist or the source.
To the best of my knowledge, https://t.co/hSHrrlF7o7 had in total roughly $2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due… pic.twitter.com/5dBPRaaNZN
— CZ 🔶 Binance (@cz_binance) June 8, 2023
CZ continues to keep the community informed following the SEC lawsuit. The CEO continues to keep everyone informed of the latest developments about the situation with his posts on Twitter.
