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Changpeng Zhao Binance CEO Denies New FUD after Widely Spread Rumors across Crypto Twitter

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Binance CEO “CZ” has denounced the unsubstantiated rumor spread all over the Chinese messaging platform that he was shot by a US federal law enforcement agency.

Changpeng Zhao Binance CEO Denies New FUD after Widely Spread Rumors across Crypto Twitter

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The chief executive officer (CEO) of Binance, the world’s largest cryptocurrency exchange is rebutting the spreading FUD, (fear, uncertainty, and doubt) amid unsupported rumors that he is on “red notice” of Interpol’s list.

In his latest Twitter, CZ gave answers to questions, denounces the rumors, and advised users not to withdraw their funds from the exchange.

He addressed various concerns in the Twitter space that surrounds the possible impact of regulatory compliance policies regarding the adoption as well as the development of the web3 economy, especially in Africa.

Adoptions and Regulations Clarity

 Changpeng Zhao made suggestions that users that regulatory clarity makes adoption easier.

He also highlighted the possibility of faster adoption of technology within the areas that has a stronger need for it.

Furthermore, CZ spoke about misinformation and rumors (FUD) concerning Binance. He stated that the firm is holding the assets of users on a 1-to-1 basis.

Moreover, the building is the perfect way to fight the FUD.

READ ALSO: Allbridge Offers Reward to Hackers behind the $573k Hack

Customer Support

The Binance CEO, Changpeng Zhao also emphasized the importance of rendering good service to the users of Binance.

He said that the firm makes use of an AI bot to take care of most inquiries.

As a result, the company was able to solve up to 75% of its issues without any human intervention.

How Did the FUD Start?

A photoshopped image was spread all over Twitter which displays Changpeng Zhao the CEO of Binance on Interpol's "red notice” page

Source:

A photoshopped image was spread all over Twitter which displays Changpeng Zhao the CEO of Binance on Interpol’s “red notice” page.

The picture made suggestions that the cryptocurrency titan has a serious legal emergency.

What a “red notice” means is that there is a request for all the law enforcement agencies worldwide to catch and probably arrest an individual pending, surrender, extradition, or any such legal action.

After a Twitter post from Cobie, a crypto influencer shared a SHA256 hash that carries an encrypted message which read, “Interpol Red Notice for CZ”

According to Cobie, the message wasn’t a prediction or a rumor. Moreover, it was encrypted and shouldn’t be read by anyone.

He goes on to say that after all, he has been posting numerous SHA256 hash up to 20 times for the past year and its secrets weren’t revealed.

He stated that he used a hash commitment scheme so that nobody can read the message until the secret is disclosed.

Meanwhile, Changpeng Zhao urges the cryptocurrency market not to believe the unsubstantial rumors and speculations.

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