Binance CEO ‘Shot by FBI’ in Fake News
The crypto market is full of oddities. The lack of regulation has allowed meme coins, bizarre experiments and more to flourish. As a result, nothing is too surprising for cryptocurrency investors these days.
However, a shocking story emerged around WeChat that claimed Binance CEO Changpang Zhao was shot by the FBI. Here’s everything you need to know about the fake news report that could be happening only in crypto.
Don’t worry, the CEO of Binance is SAFU
The pessimistic economist Nouriel “Dr. Doom” Roubini has called Binance CEO Changpeng Zhao a ticking time bomb, but no one would have expected “CZ” to literally end up in the crosshairs of the FBI.
That said a fake news story that could spread quickly around WeChat. The rumor suggested that Zhao was shot by the United States Federal Bureau of Investigation.
CEO of Binance Posted screenshots of the Chinese New York Times Twitter account that was allegedly photoshopped to include the fake news story. WeChat users had a field day with the misinformation, which made it back to Zhao himself.
Zhao tweeted to clear the air and prove he was not shot by the FBI. He further added that the Binance team is working closely with the US agency and that this story is absolutely false.
Binance Coin hasn't traded as favorably recently | BNBUSD on TradingView.com
Only in crypto: why people thought the FBI shot CZ
The United States Securities and Exchange Commission has put pressure on Binance and its partners over its BUSD stablecoin. Recently, the SEC and the New York Department of Financial Services filed an opposition to the company’s US branch from buying the bankrupt crypto lender Voyager.
As such, US three-letter agencies haven’t been on Binance’s best side in recent days, but that doesn’t mean the FBI would open fire on an unprovoked crypto boss. However, cryptocurrency exchange CEOs are all the rage in the public eye since FTX frontman Sam Bankman-Fried went from being touted as the next Warren Buffett to being locked up behind bars.
As the dominoes seem to be quietly falling in crypto and Binance has been called a “ticking bomb” in the media, all eyes are on Changpeng Zhao as the next big CEO to slip up. Let go, maybe. But shot by the FBI? Only in crypto.
