CZ Debunks ‘4 Funny FUDs’ As Rumors Swirl Around Binance

Changpeng Zhao, the former CEO of Binance, has addressed several rumors circulating on social media within the crypto community. He debunked four narratives, including a fabricated Polymarket screenshot and claims about Binance "dumping" Bitcoin. The first rumor centered on a fictional Polymarket market showing odds of someone throwing something at Zhao's face at a crypto event in 2026. Zhao stated that the market did not exist on Polymarket and that there was no $7 million in volume. He also addressed a claim that he had cancelled the Bitcoin supercycle, stating that a change in his confidence did not equate to calling off a market regime shift. Another rumor alleged that Binance sold $1 billion of Bitcoin over the past weekend, but Zhao clarified that it was Binance users selling on the venue, not Binance itself. He also addressed a thread questioning Binance's execution of its plan to convert the SAFU fund from stablecoins into Bitcoin over 30 days. Zhao explained that Binance's wallet balances only change when users withdraw and that observers were treating exchange-labeled addresses like a live P&L feed. He also dispelled speculations that the decision to convert the SAFU fund could have a significant impact on the Bitcoin price, stating that $1 billion over 30 days would not make a difference for BTC's $1.7 trillion market cap. Overall, Zhao aimed to provide clarity and debunk misinformation circulating within the crypto community.