Changpeng Zhao (CZ), co -founder of Binance, and Yi He, director of customer service, firmly denied speculation concerning a possible sale of the largest crypto exchange platform in the world. These statements are involved in a context of regulatory tensions and significant asset movements.
CZ claims that his exchange is not for sale
On February 17, CZ spoke on the social network X to vehemently deny rumors concerning the sale of Binance. “” An Asian competitor propagates false information on the sale of binance “He categorically said. His position as a major shareholder allows him to assert without ambiguity that the platform is not for sale.
Yi He, co -founder of Binance, had already made a similar comment earlier during the day. She even went further by suggesting that it is rather binance that could buy other exchange platforms.
These rumors emerged following significant active movements detected on Binance portfolios. Indeed, on February 11, analyst Ab Kuai.Dong had notably pointed out a substantial reduction in bitcoin assets of the platform, fueling speculation on the financial health of the company. Binance quickly clarified the situation, explaining that it was simply a “” hasPrecisely in the accounting process of cash flow».
Binance in the face of major regulatory challenges
Binance's current situation is part of a particularly complex regulatory context. The company is going through a significant transformation period, especially since CZ had to serve a four-month prison sentence for violation of anti-flary American laws. His successor, Richard Teng, has placed regulatory compliance at the heart of his management strategy.
In France, the platform is currently the subject of an in -depth investigation by the Paris prosecutor's office. The authorities examine the activities of Binance between 2019 and 2024, in particular concerning allegations of money laundering linked to drug trafficking and tax fraud. The platform firmly maintains its innocence in the face of these accusations.
However, in the United States, the situation seems to improve. The Securities and Exchange Commission) and Binance recently obtained a suspension of 60 days of their legal proceedings, suggesting the possibility of a negotiated resolution. At the end of this period, the two parties will jointly assess the need for an extension or the resumption of procedures.
This series of events underlines the resilience of Binance in the face of regulatory challenges, while demonstrating its will to maintain its dominant position in the crypto ecosystem. The platform continues to assert its stability despite the turbulence, firmly refuting any rumor of sale.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
