Binance CEO denies selling Bitcoin and BNB amidst SEC lawsuit aftermath.
TL;DR Summary
Binance CEO Changpeng Zhao has denied accusations that the exchange has been secretly selling Bitcoin to artificially stabilize the price of its BNB token. Several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have accused Binance of intentionally manipulating the market to inflate the value of BNB. Klippsten also alleged that Binance was engaging in "wash trading" to pretend there's support for BNB. The US Securities and Exchange Commission sued Binance.US on June 5 for allegedly breaking securities laws and engaging in wash trading.
- Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB Cointelegraph
- 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
- SEC Lawsuit Aftermath: Binance.US Sees Substantial Decline in Market Activity CryptoPotato
- Binance CEO Controversial Move: Selling Bitcoin To Save BNB? NewsBTC
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