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CZ Denies: Did Not Benefit from User Position Hedging and Has Never Traded on BitMEX
BlockBeats News, February 13th, Binance founder CZ responded on social media to rumors that "Binance hedged customer positions on BitMex during the 312 flash crash, earning over 60,000 BTC. This is still BitMEX's largest withdrawal and the highest profit ever recorded." He stated, "This is purely fabricated, I don't know what their purpose is. Binance has never traded on BitMex. My friend, BitMEX co-founder Arthur Hayes, should know. BitMex only processes withdrawals once a day (to my knowledge)."
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24H Important News
2026-11-10
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