CZ denounces false rumor ‘widely’ spread on China’s WeChat

Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet.

In a Mar. 4 tweet, CZ addressed the false speculations that circulated on the Chinese messaging platform WeChat, claiming that he was shot by The Federal Bureau of Investigation (FBI), taking the opportunity to reiterate the close working relationship that exists between his team and the FBI.

He wrote the number “4,” at the end of his tweet, which refers to his Jan. 3 tweet about simplifying his goals for 2023. He listed the fourth goal as a reminder to ignore FUD (Fear, Uncertainty, and Doubt), fake news, attacks, and other distractions.

The first three goals listed were to focus on education, compliance as well as product and service.

Shortly after on Mar. 4, CZ retweeted someone asking him, “Brother Peng, I heard that you were biu-biued by the FBI? If it’s true, you just nod your head and give a hint [translated].”

The user had circled text in a screenshot that stated “Zhao Changpeng was shot dead by the FBI [translated].”

Related:Binance CEO responds to Forbes claims: ‘They don’t know how an exchange works’

Harry Denley, a Metamask security analyst replied to CZ’s tweet on Mar. 4 likening the event to a false rumor spread about Ethereum co-founder Vitalik Buterin in 2017 of “dying in a car crash.”

Denley said it was the “2023 adaptation of attempted market manipulation.”

It was previously announced in Oct. 2022 that Binance.US hired former FBI special agent BJ Kang to head up its investigation unit, aimed at combating illegal activity on the platform.

Kang was once dubbed “the most feared man on Wall Street” by Reuters after being photographed arresting Bernie Madoff – who was found guilty of running the largest Ponzi scheme to date.

Most recently, CZ, along with Binance.US CEO Brian Shroder, were sent letters from three United States Senators, Elizabeth Warren, Chris Van Hollen and Roger Marshall, demanding more information regarding the financials of the companies.

The Senators claimed that the “little information” available in regards to Binance’s financials, suggests that the exchange is a “hotbed of illegal financial activity.”

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