Binance FUD on X Triggers CZ Response to “$200M” Buying Claim

• CZ sparks debate as Super Degen claims Binance buying $200M amid FUD, calls it the best time to buy.
• He rejected selloff accusations, saying BTC moves reflected user activity, not Binance sales.
• CZ said an account spreading criticism used altered images and showed signs of a past takeover or sale.

Binance co-founder Changpeng Zhao sparked discussion with a post reminding traders that every completed trade requires both a buyer and a seller. In response, an X user, Super Degen, claimed that Binance was accumulating during a wave of negative sentiment, posting, “While extreme FUD is being launched against Binance, Binance is buying 200M.” Zhao later replied to the comment, saying it was the “best time to buy.”

CZ Pushes Back on “Imaginative” Narratives

In another set of Monday posts, Zhao addressed what he described as “pretty imaginative FUD” aimed at him and Binance. He responded to claims that Binance dumped Bitcoin to spark a weekend selloff below $75,000, and he also addressed chatter that the company had not moved funds to the Secure Asset Fund for Users as stated earlier.

Zhao denied reports that Binance sold $1 billion in BTC to cause the drop. He said the funds involved belonged to users trading on the platform. He also said Binance’s wallet balance changes when users withdraw and added that many users keep balances on Binance and use it as a wallet.

CZ Flags Alleged Fake Account Using Altered Images

Separately, Zhao said a misinformation effort involved an account called “Wei 威 BNB,” which claimed it was closing a Binance account due to alleged manipulation. Zhao said the account had 863,000 followers and used imagery from a BNB Chain event to appear legitimate.

Zhao said close inspection raised concerns. He claimed the images appeared altered, including a photo showing him in a shirt color he said he does not own, and another image that combined lower-resolution photos of him and Binance executive Yi He with an image of the account holder. He said the original photo featured Aster CEO Leonard.

Zhao also pointed to the account’s posting history, saying it originally showed a woman and posted female photos until July 2015 before switching to crypto-only content without removing earlier material. He described that change as consistent with a hacked takeover or a purchased account and said the effort appeared “lazy,” suggesting a competitor may have driven it.

Related: Changpeng Zhao Says Binance Will Not Conduct Major Sell-Offs Amid Market FUD