Binance officially denies rumors that its CEO, Changpeng “CZ” Zhao, is the target of a Red Notice request of the International Criminal Police Organization (Interpol), aimed at apprehending and arresting the creator of the cryptocurrency company.
A company representative denied the allegations. by sending an email to several media, claiming that they are unfounded.
The controversy around this rumor was fueled by ‘Cobie’, a prominent figure on Crypto Twitter. Following these rumors, the value of the BNB token of Binance as well as the market as a whole suffered a notable fall. Cobie had posted a tweet containing an encrypted series of letters and numbers, encrypted using the SHA-256 hash function..
It is important to remember thata Red Notice is not to be taken lightly and constitutes a request addressed to the forces of theorder international organizations in order to locate and arrest an individual pending extradition, surrender or other similar judicial action.
This rumor no doubt put Binance under pressure given that the company is under the supervision of US regulatory authorities. Indeed, the Commodity Futures Trading Commission (CFTC) revealed last month that it had launched a stock legal action against the trading platform. The complaint filed accuses CZ and Binance for violating the Commodity Exchange Act and other rules established by the CFTC.
If you panic sell on FUD or photoshopped images, well, you aren’t likely to become rich.
Block the FUD sources.
— C.Z.
Binance (@cz_binance) April 3, 2023
Binance (@cz_binance) Reminder: The world of crypto-cash is often subject to speculation and rumors, which can have a significant impact on the prices of different currencies. In this case, the rumor caused the price of the BNB token of Binance and affected the entire market. This event reminds us again of the volatility of the market and the speed with which rumors spread, whether they are founded or not.
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