CZ refutes the sale of Binance after transferring the last assets

The co -founder of Binance Changpeng Zhao (CZ) denied speculation that the exchange of cryptocurrencies offered for sale.

The former CEO rejected these allegations with the spread of wrong information by competitors.

Competitive wrong information

“Some of the self -modest competitor in Asia, crawling about Binance (CEX) for sale,” Zhao said on February 17th in A. mail On X. “As a shareholder, Binance is not for sale.”

However, he has admitted that major investors have always shown interest in Nabannis. He added that the company may allow future investments within the scope of the percentage consisting of one.

Zhao’s comments followed similar comments from the other’s stock market, Yi Hu, earlier in the day. she I mentioned These allegations were part of the “public relations strategy” used by competitors to turn the market attention, especially after Bitcoin reached the highest new level. Yi also explained that although Binance is not for sale, the company is still open to merge, acquisition and strategic partnerships.

Speculation has emerged after reports of important asset movements within Binance. On February 11, x User ab kaii.dong High A noticeable decrease in platform holdings, including bitcoin assets. However, the encryption exchange has since denied that these changes were related to asset sales, explaining that they were part of the internal cabinet accounting.

Zhao recently completed the prison sentence for four months after he admitted that he was guilty of violating anti -money laundering laws. in interview With the Bloomberg after his release, he revealed that he had received offers to sell his dominant share in Binance.

However, the executive authority did not reveal the identities of those interested. Instead, CZ said that although he did not behave in any offers, it is still open to review it in the future.

Organizational challenges and transformations

Meanwhile, Binance still faces continuous organizational challenges. The company is subject to increased scrutiny in France, where the authorities have launched an investigation into allegations of money laundering and tax fraud.

According to Reuters a reportThe Paris Prosecutor’s Office in Paris is studying the company’s activities between 2019 and 2024. This includes potential links for money -related money -related money. Binance has denied all allegations.

In a positive note, it appears that the legal status of the stock exchange turns in the United States. On February 10, along with the US Securities and Stock Exchange Committee (SEC), it made a joint proposal to stop the ongoing legal issue for 60 days.

Both parties believe that the work of the recently formed encryption squad can affect the potential accuracy of the issue. The request has been approved since then, indicating the progress of the country’s legal status regarding exchange.