CZ Says Binance Doesn’t Sell Bitcoin, BNB Despite Rumors

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Binance CEO Changpeng ‘CZ’ Zhao has pushed back on social media speculation that the crypto exchange has been selling bitcoin.

“Binance did not sell BTC or BNB,” he said on Twitter on Tuesday. “We even still have a bag of FTT. It’s amazing that they can know exactly who sold based on a simple price chart involving millions of traders. FUD.”

The comments came as the exchange is embroiled in a legal dispute with the United States Securities and Exchange Commission over allegations of major wrongdoing and violations of law within its unit Binance.US, according to the regulator, should prohibit the company from continuing to operate in the country.

Earlier in the day, a judge asked the two parties to the dispute to reach an agreement to try to avoid a complete freezing of assets.

Bitcoin was virtually flat in Tuesday’s trading, down 0.1% to $25,874, according to TradingView. That’s down 3.5% over the past month.

2023 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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