Binance CEO defends against SEC charges and rumors of selling Bitcoin for BNB.
TL;DR
Binance CEO, Changpeng Zhao, has denied rumors that the exchange has been selling bitcoin to keep the prices of BNB coin from falling. The rumors were fueled by tweets from popular traders pointing to short-term price correlations between a sell-off in bitcoin and a purchase of BNB. BNB prices are up 6.6% in the past 24 hours while bitcoin has seen nominal declines.
- Binance CEO Hits Back at Rumors of Exchange Selling Bitcoin for BNB Coin CoinDesk
- Binance Emergency Fund Dwindles as SEC Takes Aim at the Crypto Exchange The Wall Street Journal
- Binance has not sold either bitcoin or Binance Coin, CEO says Reuters
- As regulators circle, Binance’s foundation—its BNB coin—is already crumbling Fortune
- Binance & Coinbase SEC Charges: How Have Users Reacted? Bitcoinist
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