Former Binance CEO Changpeng 'CZ' Zhao and co-founder Yi have denied the cycle rumours that Binance will be sold to another company, saying it is made up of competitors.
In a recent post, YI tackled rumors in the crypto community that the exchange of cryptocurrency is negotiating a sale to buy the vinance.
She said that these rumors are not true, and that they pay the news to write unfounded rumors about vinance to distract the market, especially after Bitcoin (BTC) wins a new high. “The public relations strategy” he said.
“According to key investment principles, there are agencies that ask Binance every month whether it accepts investment and cooperation. Yi does not rule out the introduction of strategic partners, but accepts mergers and acquisitions.” He made it clear in her post.
Shortly after Yi's post, CZ got into the conversation, saying that small Asian competitors are making a fuss about “Binance is not on sale.”
Meanwhile, YI used the opportunity to state that Binance is open to mergers and acquisitions of other trading platforms that wish to sell the company.
An excerpt from an article shared by one of the users states that Binance will be sold to a distributed crypto exchange, as it claims that “exchanges cannot maintain a “upward trend.” However, X traders cannot guess what Dex the article mentions.
“If you have other trading platforms with sales plans, feel free to contact us,” added Yi.
On February 11, U.S. District of Columbia Judge Amy Berman Jackson approved the 60-day suspension filed by the SEC and the joint claims of former CEO Changpeng “CZ” Zhao. According to documents filed with the court, the SEC's Cryptographic Task Force can assist in “potential resolution of this case.”
Earlier this month, he said Crypto Exchange conducted over 120 internal audit investigations with US legal coordinators. The co-founder of Binance revealed that there are at least two ongoing lawsuits and prosecutions.
