PANews reported on February 3 that Binance CEO Changpeng Zhao (CZ) responded to four recent FUD rumors on Twitter:
- Regarding the rumor of $7 million in trading volume sparked by a fake Polymarket post, CZ clarified that the event did not exist and did not appear in any prediction market.
- In response to CZ's statement that "the supercycle has been cancelled," he said that he was merely expressing a decrease in market confidence and that he had no ability to control the market cycle.
- Regarding the claim that "Binance sold off $1 billion worth of Bitcoin," CZ pointed out that this was the trading activity of Binance users and had nothing to do with Binance. Binance wallet balances only change when users withdraw funds.
- Regarding the controversy surrounding the "Binance SAFU Fund not converting to BTC as planned," CZ explained that the conversion would be completed within 30 days, possibly with transfers occurring closer to the deadline or weekly. He emphasized that Binance, as the centralized exchange with the best global liquidity, would not conduct purchases through DEXs. Furthermore, he stated that the $1 billion transaction would have a limited impact on Bitcoin's $1.7 trillion market capitalization, and was merely a symbolic gesture.
Finally, CZ stated that he will continue to focus on building BNB.
