CZ Addresses and Refutes Four Rumors Surrounding Binance

Changpeng Zhao, CEO of Binance, has recently tackled four rumors that have been circulating in the crypto community on social media. These spurious claims range from a fake screenshot related to Polymarket to allegations about Binance allegedly “dumping” Bitcoin. Zhao argues that these misconceptions stemmed from traders misinterpreting on-chain data and selectively quoting him, leading to conclusions that don't align with the actual facts.

Key Takeaways

Changpeng Zhao, CEO of Binance, addressed and debunked four rumors that emerged in the crypto community.
The first rumor involved a fake Polymarket market about an event involving Zhao.
Zhao clarified misconceptions about his confidence in the Bitcoin supercycle.
He distinguished between user selling activity and corporate selling by Binance.
The plan to convert the SAFU fund to Bitcoin within 30 days was also discussed, emphasizing that users wouldn’t see immediate on-chain transactions.
Zhao dismissed concerns that this plan would significantly affect Bitcoin's price.

CZ Addresses Four Rumors Surrounding Binance

Former Binance CEO Challenges Misinformation

The first rumor involved an image, presented as a Polymarket market, suggesting that there was a “79%” chance someone would throw an object at Zhao during a crypto event in 2026, with supposed backing of over $7 million in volume. Zhao quickly dismissed this claim, stating: “That event does NOT exist on Polymarket. There is no $7m volume. If it did, I would be the first one to throw a cake in my own face.” Polymarket’s dedicated page for “CZ predictions & odds” lists several markets historically relevant to Zhao, but no record of the viral "throw something" bet could be found there.

The second myth, claiming that “CZ canceled the supercycle,” emerged from Zhao’s comments in a January 30 AMA recap on Binance Square, where he described his confidence about a Bitcoin supercycle as feeling “a bit less confident” compared to earlier but still pointed towards a positive long-term outlook. Zhao clarified that a shift in his confidence does not equate to calling off a market regime change. He jokingly remarked: “Oh, if I had that power, I wouldn’t be on CT with you a lot. I would be snapping my fingers all day long.”

The third rumor falsely alleged that Binance sold $1 billion worth of Bitcoin over the recent weekend during a market downturn. Zhao clarified the situation by differentiating user actions from corporate activities: it was “Binance users” selling on the platform, not the company selling as a principal. This is important because trading on centralized exchanges mainly involves internal ledger movements; thus, a spike in selling can happen without a direct on-chain trace indicating "Binance sold."

The fourth rumor revolved around Binance’s strategy to convert roughly $1 billion from its SAFU fund into Bitcoin over the course of 30 days, following some users' observations that they couldn’t “see” any purchasing or movement on-chain. Binance confirmed its intention to complete this conversion within the 30-day window and to replenish the fund back to $1 billion if it dipped below $800 million. Zhao speculated: “I am guessing their original plan was to buy it over 30 days and move the funds to the address near the end of the 30 days, or once a week or something. You won’t see them buying using a DEX. Binance is a CEX with the best liquidity in the world.”

Additionally, Zhao dismissed suggestions that this decision would heavily impact Bitcoin's price. He stated, “Also, you think $1 billion over 30 days is going to make a difference for BTC’s $1.7 trillion market cap? That’s 1/1700/30 = … anyway, you do the math. It’s a gesture. Will it help with confidence, your call,” he noted.

At the time of this report, BNB was trading at $767.23.

BNB price chart BNB trades between the 50-and 100-week EMA, 1-week chart | Source: BNBUSDT on TradingView.com