2025-02-18
Changpeng Zhao and Yi He, the co-founders of Binance, denied Binance sale rumors. He called these rumors false and
suggested they came from a competing company in Asia.
Binance co-founder and chief customer
service officer Yi He also rejected the claims and hinted that Binance is more
interested in buying other exchanges rather than selling itself.
The rumors started after someone
noticed a sudden drop in Binance's asset holdings, leading to speculation about
the company's financial situation.
However, Binance explained that this
was just an internal accounting adjustment and not a sign of financial trouble.
Binance, the world's largest
cryptocurrency exchange, is always under scrutiny from regulators. CZ recently
finished a four-month prison sentence in the U.S. for violating anti-money
laundering laws, and Richard Teng is now the CEO, focusing on compliance.
In France, authorities are
investigating Binance for possible money laundering and tax fraud between 2019
and 2024. Binance denies these accusations.
Meanwhile, in the U.S., Binance's legal
troubles might be easing. The company and the SEC (Securities and Exchange
Commission) agreed to temporarily pause their legal case for 60 days. After
that, they will decide whether to continue the case or extend the pause.
