Changpeng Zhao has debunked 4 narratives which were circulating on social media throughout the crypto group in current days, starting from a fabricated Polymarket screenshot to claims about Binance “dumping” Bitcoin. He argues that merchants had been stitching collectively on-chain observations and clipped quotes into conclusions that weren’t supported by the underlying information.
Former Binance CEO Debunks “FUD”
The primary rumor centered on a picture framed as a Polymarket market exhibiting odds, circulated by a number of accounts, as excessive as “79%” that somebody would toss something at Zhao’s face at a crypto occasion in 2026, supposedly backed by greater than $7 million in quantity.
Zhao said the market was fictional, writing: “That occasion does NOT exist on Polymarket. There is no such thing as a $7m quantity. If it did, I’d be the primary one to throw a cake in my very own face.”
Polymarket’s personal “CZ predictions & odds” touchdown web page lists numerous markets traditionally tied to Zhao, corresponding to questions on his position at Binance, authorized outcomes, and different “point out markets”, however no market matching the viral “toss something” immediate appeared there.
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A second declare: “CZ cancelled the supercycle” seems to have grown out of Zhao’s feedback in a Jan. 30 AMA recap posted on Binance Sq., the place he described himself as “a bit much less assured” a couple of Bitcoin supercycle than earlier than, whereas nonetheless pointing to longer-term upside.
Zhao rejected the concept that a change in his confidence equated to calling off a market regime shift. “Oh, if I had that energy, I wouldn’t be on CT with you numerous. I’d be snapping my fingers all day lengthy.”
The third rumor alleged Binance bought $1 billion of Bitcoin over the previous weekend when the market noticed a extreme drawdown. Zhao’s rebuttal drew a pointy line between user flow and company exercise: he mentioned it was “Binance customers” promoting on the venue, not Binance itself as principal.
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The excellence issues as a result of centralized-exchange buying and selling is basically inner ledger motion; a burst of promoting strain can happen with out a corresponding on-chain “Binance bought” footprint. Zhao added that Binance’s pockets balances “solely change when customers withdrawal,” arguing that observers had been treating exchange-labeled addresses like a stay P&L feed.
The fourth thread questioned Binance’s execution of its plan to transform the roughly $1 billion SAFU fund from stablecoins into Bitcoin over 30 days, after some customers mentioned they couldn’t “see” shopping for or on-chain motion.
Binance has mentioned it intends to finish the conversion inside 30 days and to prime the fund again as much as $1 billion if market strikes push it under $800 million.
Zhao countered: “I’m guessing their authentic plan was to purchase it over 30 days and transfer the funds to the deal with close to the top of the 30 days, or as soon as per week or one thing. You received’t see them shopping for utilizing a DEX. Binance is a CEX with the most effective liquidity on the earth.”
Furthermore, CZ dispelled speculations that the choice may have a big impression on the Bitcoin worth. “Additionally, you assume $1b over 30 days goes to make a distinction for BTC’s $1.7 trillion market cap? That’s 1/1700/30 = … anyway, you do the mathematics. It’s a gesture. Will it assist with confidence, your name,” he wrote.
At press time, BNB traded at $767.23.
Featured picture created with DALL.E, chart from TradingView.com
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