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Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

Published 06/13/2023, 09:45 PM
Updated 06/14/2023, 03:20 AM
© Reuters.
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Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price of its BNB (BNB) token.

The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially inflate the value of BNB.

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