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CZ condemns rumors “widely” spread on China’s WeChat

Crypto News

Binance CEO Changpeng “CZ” Zhao denied a rumor that he was “shot” by the US federal law enforcement agency that was “widespread” on a Chinese messaging platform in a recent tweet.

In a tweet on March 4, CZ addressed the false speculation circulating on the Chinese messaging platform WeChat, claiming he had been “shot” by the Federal Bureau of Investigation (FBI), using the opportunity to reiterate the close working relationship that exists between Binance and the FBI.

He wrote the number “4” at the end of the tweet, which refers to his January 3rd a tweet on simplifying its 2023 targets.

He listed the 4th goal as a reminder to ignore FUD (fear, uncertainty and doubt), fake news, attacks and other distractions.

The first 3 goals listed were to focus on educationcompliance as well as product and service.

Shortly after, CZ retweeted a tweet from a user asking him, “Brother Peng, I heard you were biu-biu by the FBI? If it’s true, you just nod your head and suggest [translated].”

The user circled text on a screenshot that read “Zhao Changpeng was shot by the FBI [translated].”

Connected: Binance CEO Responds to Forbes Claims: ‘They Don’t Know How an Exchange Works’

Harry Denley, security analyst at Metamask, likened the event until a false rumor spread about Ethereum co-founder Vitalik Buterin in 2017 that he “died in a car accident”.

Denley called the CZ rumor “a 2023 adaptation of an attempted market manipulation” and suggested that CZ do “proof of life” with the latest Binance Smart Chain (BSC) block hash.

It was previously announced in October 2022 that Binance.USA hired ex FBI Special Agent BJ Kang will head its investigation department aimed at combating illegal activity on the platform.

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

In more recent news, CZ, along with Binance.US CEO Brian Schroder, received a letter on March 1 from three United States Senators, Elizabeth Warren, Chris Van Hollen and Roger Marshall, requesting more information about Binance Finance.

The senators argued that the “little information” available regarding Binance’s finances suggests that the exchange is a “hotbed of illicit financial activity.”