PANews reported on January 30th that Binance founder Changpeng Zhao stated on the X platform that FUD (fear, uncertainty, and doubt) does not harm the target but instead damages the entire market. He stated that neither he nor Binance will engage in any substantial sell-offs, and his personal consumption will only involve small-amount payment conversions.

Although he no longer runs Binance, to his knowledge, Binance only uses a portion of its revenue to cover expenses and is overall a net hoarder. Furthermore, Binance currently has a global regulatory body capable of auditing all account transactions. He urged investors not to be misled and to focus their efforts on self-improvement.