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Zhao Changpeng and He Yi responded to Forbes' accusations of false business practices in the United States: creating panic and making nonsense

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Forbes called the leaked documents "Tai Chi."

In a rhythmical BlockBeats announcement, Forbes released a report on Oct. 30The new report, the report said one leaked document detailed a series of moves by cryptocurrency trading platform COinage to avoid scrutiny by U.S. regulators.

Forbes noted that Cocoin "has come up with an elaborate corporate structure designed to deliberately deceive regulators and secretly profit from cryptocurrency investors in the United States." The Forbes report was based on a 2018 document called "Tai Chi." According to Forbes, the document contained a roadmap for the development of an American company that became Binance.

According to Forbes, "leaked" Tai Chi "is the currency of senior management personnel have seen Ann powerpoint, is induced to execute method of the strategic plan. Through the unnamed entities in the United States set up a business to spread the interest of regulators, aroused people's concern. In the process of abide by the laws and regulations, will take measures to shift income in the form of licensing fees to the parent currency, at the same time, how will also be taught to potential customers in implementing technical solutions at the same time avoid the geographical restrictions."

In the end, Forbes wrote, it was "aware that Tai Chi documents are currently circulating among law firms, accounting firms and other coins-related companies, and there is speculation that the FBI and INTERNAL Revenue Service may investigate."

The company was also quick to respond to the release of the report. Currency Ann CEO Zhao Changpeng (CZ) in twitter replied: "FUD. The statements in the article and charges are not correct. The whole article is dependent on a third-party file. The file is not produced by currency Ann employees (current or former). Anyone can write a so-called" strategic file ", but that doesn't mean money as you written documents as Ann."

He wrote: "the currency has been operating within the bounds of the law, money has been operating in within the scope of the law, and we are in the United States, Singapore, Japan, Britain, South Korea and Turkey and other countries/regions of many international trading platform is also proved that. Currency Ann has with many industry top AML CFT is tools and suppliers (including Ciphertrace, Elliptic, Refinitiv, Jumio, etc.) to establish the relationship between the partners, in order to maintain strict regulatory standards, And we will continue to do so. We work very closely with many of the world's leading law enforcement agencies.

"We do not acknowledge the alleged documents," the CZ said ina statement. "Binance has very strict restrictions and operating procedures in the US market, which is why we have split Binance US into a separate market."

At the same time, He Yi also made a reply to the accusation in the article published by Forbes, saying that "based on a law firm PPT which proposed to Yuan An, the author thought that Yuan an America was running a fake operation to evade supervision, and speculated that Yuan an was investigated by XX. This accusation is nonsense."