Binance CEO “Shot By FBI” In Fake News Report
The cryptocurrency market is full of oddities. The lack of regulation has allowed meme coins, bizarre experiments, and more to flourish. As a result, nothing is too surprising for cryptocurrency investors these days.
However, a shocking story spread on WeChat claiming that Binance CEO Changpang Zhao was outlet by the FBI. Here’s everything you need to know about the fake news that can happen. only in crypto.
Don’t worry, Binance CEO is SAFU
Pessimistic economist Nouriel “Dr. Doom” Roubini called Binance CEO Changpeng Zhao a ticking time bomb, but no one expected “CZ” to literally fall into the FBI’s crosshairs.
That’s what a fake news story that managed to spread quickly through WeChat said. The rumor suggested that Zhao was shot by the US Federal Bureau of Investigation.
Binance’s CEO screenshots posted from the New York Times Chinese Twitter account that was allegedly photoshopped to include the fake news. WeChat users had a field day with the misinformation, which reached Zhao himself.
Zhao tweeted to clear the air and prove he wasn’t shot by the FBI. He further added that the Binance team works closely with the US agency and that this story is certainly false.
Binance Coin hasn't traded as favorably recently | BNBUSD on TradingView.com
Only in Crypto: Why People Thought the FBI Shot CZ
The United States Securities and Exchange Commission has put pressure on Binance and its partners over its stablecoin BUSD. More recently, the SEC and the New York Department of Financial Services filed oppositions against the company’s US branch for acquiring bankrupt cryptocurrency lender Voyager.
As such, American three-letter agencies have not been siding with Binance in recent days, but that doesn’t mean the FBI would open fire on an unprovoked cryptocurrency CEO. However, CEOs of cryptocurrency exchanges have been all the rage in the public eye since FTX leader Sam Bankman-Fried went from being touted as the next Warren Buffett to being locked behind bars.
As the dominoes seem to be standing still in cryptocurrencies and Binance has been called a “ticking time bomb” in the media, all eyes are on Changpeng Zhao as the next big CEO to slip up. Slide, maybe. But shot by the FBI? Only in crypto.