CZ Denies Rumors Faces Interpol Red Notice, BTC And BNB Price Slips

Key Points:

• Binance CEO Changpeng Zhao (CZ) has denied rumors that he is facing an Interpol red notice.
• Binance and its CEO were sued by the US CFTC last week for “intentionally evading” US law.
• BTC and BNB recorded a price drop immediately after the rumor, but after the correction, there was a slight recovery.

Late on Monday afternoon, due to an unverified rumor that an Interpol Red Notice had been issued to the founder and CEO of the world’s largest cryptocurrency exchange Changpeng Zhao (CZ), caused BNB and BTC to decline.

Rumors of Interpol’s red notice for CZ arose after reading an encrypted message from Twitter user Cobie, who is enthusiastically followed by the crypto community. The message was tweeted in letters and numbers encrypted with the SHA-256 hash, the same cryptography that secures many cryptocurrencies, including bitcoin. Currently, this crypto KOL’s Twitter page is secured.

This has been denied by CZ, and said it is entirely untrue. According to CZ, FUD started with a photoshopped photo.

A Red Notice is a request for the arrest for the extradition of criminals. Red notices, also known as red notices, are usually issued on the Interpol website, and this is the most effective tool to combat transnational crimes today.

Because of the severity of this announcement, as soon as rumors started, the Binance-related token BNB quickly dropped more than 3% by the end of Monday afternoon, and the price of BTC also had some time to fall below the $27,500 level. However, after the information was corrected, the price of these 2 tokens recovered slightly.

As recently reported, Binance CEO Changpeng Zhao (CZ) and crypto exchange Binance have been accused by the CFTC of providing unregistered crypto derivatives and instructing US customers to conceal and circumvent compliance controls through the use of a VPN.

Immediately, this CEO denied the event. However, Binance and CZ have recently been entangled in legal troubles.

Previously, Binance was the subject of a money laundering investigation by the US Department of Justice and an order from the Securities and Exchange Commission (SEC) to stop issuing the stablecoin BUSD with Paxos.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News