CZ's Response to Public Opinion: Binance Did Not Engage in Large-Scale Coin Selling, Negative Rumors Hurt the Market Instead of Individuals

BlockBeats News, January 30th, Binance founder CZ responded to recent FUD surrounding Binance, stating that the negative rumors have not affected him personally, but have instead brought more attention. However, FUD can harm the entire market and affect all participants.

CZ stated that neither he nor Binance engaged in any "meaningful scale" of selling, and any personal sales were limited to daily expenses, such as using about $5 worth of BNB to buy coffee with a card. He emphasized that although he no longer directly manages Binance, to his knowledge, Binance only converts some income to fiat to cover operational expenses, remaining an "long-term HODLER."

Furthermore, CZ pointed out that Binance now has global regulatory compliance, allowing review of every transaction and account on the platform, and urged users not to be misled but to focus on self-improvement and constructive activities.