SEC Lawsuit Controversy Against Binance: CZ Denies BTC Sales
Binance CEO Changpeng Zhao. (Photo; Doc. Coincu)

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The lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance, a leading cryptocurrency exchange, has raised concerns within the crypto industry.

Allegations about the sale of Bitcoin spot (BTC) by Binance and its CEO, Changpeng Zhao (CZ), in its "liquid waterfall" strategy, have been denied by CZ through its official Twitter account. CZ confirmed that Binance does not sell BTC or BNB, and considers the claim an attempt to create fear and uncertainty (FUD).

Laim tentang penjualan BTC oleh Binance diduga berkaitan dengan penggunaan cadangan USDT dan pergerakan dalam mata uang kripto lainnya. Namun, CZ membantah klaim tersebut, menyatakan bahwa tidak mungkin menentukan penjual tertentu hanya berdasarkan graph harga yang melibatkan juta pedagang.

His response aims to restore trust in Binance and assert that its operations are maintained amid the ongoing SEC lawsuit. Binance's presence as one of the largest crypto exchanges has played an important role in the digital currency ecosystem.

Therefore, CZ's denial of BTC's sales claims provides certainty for Binance and its users. Although the SEC's lawsuit is still ongoing, Binance continues to operate with confidence to maintain its reputation and support the development of the crypto industry as a whole.


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