Binance CEO Changpeng Zhao (CZ) has denied claims that Interpol has issued a “Red Notice” for his arrest. CZ stated in a tweet on April 3 that the photo being circulated on social media was a “Photoshopped image, fake news, and more FUD.”
How FUD starts, then… pic.twitter.com/spg9iiI8As
— CZ 🔶 Binance (@cz_binance) April 3, 2023
The rumors surfaced after recent regulatory measures made against Binance by different authorities. The CFTC accused Binance of offering futures trading to U.S. customers without registering with the agency, among other allegations.
Binance’s market share has declined since then, with some accounts suggesting a drop of up to 16%. However, according to a recent Kaiko study, Binance retains the world’s biggest crypto exchange, with a 54% market share.
Despite governmental attention, Binance appears to be holding up so far. The Glassnode report noted that the platform is primarily experiencing a “stablecoin shuffle,” with a decline in BUSD supply and a reduction in the overall USD value of Binance reserves.
CZ is dedicated to work with authorities and adhere to local laws.
“Our vision is to increase freedom and inclusion for a better human society. But, in order to do so, we must remain legal and collaborate with authorities to influence the future of our business.”
