Changpeng Zhao has denied allegations that his crypto exchange has been dumping its stash of Bitcoin (BTC) and Binance Coin (BNB).
Heavy investors occasionally spread FUD to create an ideal situation for buying cheap coins when retail investors panic and dump.
Binance CEO Changpeng Zhao better known as CZ has been disputing claims that his crypto exchange has been dumping loads of Bitcoin (BTC) and Binance (BNB). The outspoken CEO has been adamant about the accusations brought forth by U.S. Securities Exchange Commission being inaccurate and his exchange’s plans to fight the case on its merits.
With the exchange facing months or even years in court, there have been accusations that the exchange is selling its stash of Bitcoin and Binance Coin. Furthermore, some have accused the exchange of selling Bitcoin to buy and stabilize Binance Coin.
After Binance and Coinbase were slapped with lawsuits from the SEC, there was an initial shock on the market but has since calmed and shown great

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