- Binance CEO, Changpeng Zhao (CZ), denies rumors circulating on social media that he is on Interpol’s “red notice” list.
- CZ urges crypto market participants to ignore unverified rumors and speculation.
Changpeng Zhao (CZ), the CEO of Binance, the world’s largest crypto exchange, has denied rumors circulating on social media that he is on Interpol’s “red notice” list. The unverified rumors emerged after a doctored image made rounds on Twitter, showing a photo of CZ on Interpol’s red notice webpage, suggesting that the crypto titan is facing serious legal issues. CZ denies the allegations and claims that the image is photoshopped.
The rumor began when a crypto influencer tweeted a SHA256 hash which contains an encrypted message, suggesting that there is an Interpol Red Notice for CZ. However, the influencer claims that it was just a prediction and a rumor and that no one should have been able to read it. CZ urges crypto market participants to ignore unverified rumors and speculation and to block the sources of fear, uncertainty, and doubt (FUD).
Red notices are a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action. CZ’s recent statement is part of his effort to counter the spread of new FUD amid unsubstantiated rumors. This is not the first time Binance has faced legal issues, and the company is known for its stringent security measures and compliance with regulations.
The cryptocurrency market has always been subject to rumors and speculation, which can cause significant price fluctuations. CZ’s statement serves as a reminder that crypto investors should always verify information and avoid making decisions based on unverified rumors.