The Binance CEO officially talked about all the rumors which were claiming that the Binance exchange manipulated the BNB coin price.
Binance is a global crypto trade platform. This exchange stands at the top rank in the crypto sector by 24-hour Crypto trade volume on this platform. Last week the American securities regulatory body SEC sued Binance & its American subsidiary BinanceUS over providing crypto staking services & unregistered securities offerings.
Following the SEC’s 13 charges against BinanceUS, many people started to create fud & rumors against Binance exchange’s native coin Binance Coin (BNB).
Market analyst Dylan LeClair alleged that Binance sold Bitcoin to inflate the BNB coin trade price. Also, Swan Bitcoin CEO Cory Klippsten, riticized Binance with similar allegations on behalf of the rumors & news.
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Wash trading like craaaaaazzzzyyyyy on Binance right now trying to pretend there’s support for BNB. This looks sooooooo bad for CZ.https://t.co/qCHjQCSXwD
— Cory Klippsten
Swan.com
#Bitcoin (@coryklippsten) June 12, 2023
On 14 June 2023, Binance CEO Changpeng Zhao (CZ) officially responded on this matter & confirmed that Binance never trade BTC or BNB and never manipulated BNB trade price.
Further, CZ also asserted a fact & said that millions of people are trading BNB coins & also it is possible to know who traded/trading BNB.
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
BNB coin
However people know that BNB is a native coin of the Binance exchange but still, Binance never considers BNB as a native coin, instead always stated that BNB was an independent crypto coin & crypto Project from Binance’s crypto business empire.
In the present time, the majority of the BNB coin holders are in a panic situation, as the SEC marked BNB coin as a security crypto token.
The current trade price of the BNB coin is $249 & this trade price is 6.27% high than the last 24 hours’ trade price.
Read also: BinanceUS hits back against the SEC (Court filing)
CZ denies all rumors & says Binance never traded Bitcoin & BNB
https://bitcoinik.com/cz-denies-all-rumors-says-binance-never-traded-bitcoin-bnb/feed/
https://bitcoinik.com/cz-denies-all-rumors-says-binance-never-traded-bitcoin-bnb/feed/
