Binance Founders Debunk Sale Rumors, BNB Price Unsettled

• Changpeng Zhao and Yi He denied the Binance sale rumor.
• Crypto stakeholders are relieved following the denial of Binance’s sale rumor.
• BNB experienced volatility amid the Binance sale rumor.

The crypto industry breathed a sigh of relief when Binance founders Changpeng Zhao and Yi He said no to a sale. 

In a post on X, Cardano founder Charles Hoskinson even joked that US special government employee Elon Musk looked relieved after Zhao and He’s no-sale statement.

Sale Rumors Sparked by Asset Moves: Binance Says “Accounting”

Binance sale rumors started doing the rounds last week after crypto users noticed big changes in the crypto exchange’s assets. The firm’s crypto assets balance, including Bitcoin, went down a lot. 

Binance said that the drop in digital asset holdings was not because of plans to sell the exchange. Instead, it claimed the move was just part of changes in Binance’s treasury accounting process.

Related: Binance’s Massive Crypto Sales Spark Speculation: Secretly Paying $4.3B DOJ Fine?

CZ Blames “Asian Competitors…

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