Global cryptocurrency exchange Binance and its CEO is embroiled in another predicament again. Binance CEO Changpeng Zhao (CZ) came forward to refute rumors of Interpol issuing a “Red Notice” against him after the fake notice started spreading FUD in the community.
When a ‘now-deactivated’ Twitter user posted an image of a “Red Notice” issued by Interpol against CZ, the Binance CEO quoted the tweet saying it was a photoshopped image.
“The latest Fud was only spread by crypto news outlets and KOLs, likely planted/sponsored by another exchange. Very petty. Hurts the industry and hurts themselves. There are enough external forces attacking us. Our industry needs to unite at this juncture,” CZ condemned the Interpol rumors.
A popular Crypto Twitter personality “Cobie” did share a cryptic message which noted, “Interpol Red Notice for CZ” which caused havoc in the market. Cobie’s account is now private but the community is now accusing him of spreading FUD when he enjoys a Twitter massive following of over 700,000.
Frank Chaparro, the Director of News at The Block, called out Cobie, tweeting “We reached out to Binance before your tweet. The rumor was circulating before your tweet among very serious market participants. It just was your tweet that had market impact.”
CZ later added “If you panic sell on FUD or photoshopped images, well, you aren’t likely to become rich. Block the FUD sources.”
Binance is already being bombarded with back-to-back issues. Last week, Binance and its CEO were sued by CFTC for permitting U.S. users to trade crypto derivatives without registering as a U.S. futures exchange and failing to execute necessary anti-money laundering processes.
