The Wall Street Journal published a story full of FUD about Binance, prompting an angry response from Binance CEO Changpeng Zhao.
The Wall Street Journal has once again taken aim at Binance, the biggest cryptocurrency exchange in the world. Many of the source’s earlier publications regarding Binance were critical.
Binance was “beginning to collapse,” according to today’s Wall Street Journal. The other founder of Binance, Yi He, reportedly read one of his internal communications,. The following message was supposedly sent by Yi He to firm workers, as reported by WSJ’s unnamed source:
“Every battle is a death or glory test, and we are our own worst enemy. We’ve had success before, and we should have it again.”
He said that Binance and its co-founder Changpeng Zhao were the targets of a multi-year investigation by the US Department of Justice.
Immediately after reading the WSJ’s allegations, the exchange’s CEO and founder, Changpeng Zhao, issued a response. To support his claim, Zhao linked to a WSJ article in which Sam Bankman-Fried, the founder of the abandoned cryptocurrency exchange FTX and a suspected fraudster, was hailed as a hero of the industry shortly before the exchange went bankrupt. He also provided a link to the relevant SBF news broadcast and confirmed that the story is still airing.
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