No verified source confirms the Changpeng Zhao quote claim
No accountable, on-the-record source this year corroborates the alleged Changpeng Zhao quote about a “Chinese competitors smear campaign.” There is no primary attribution or transcript matching the wording.
Checks of official statements, regulatory actions, and dated coverage reveal no verifiable origin for the statement. Without a named, verifiable source, the claim remains unconfirmed and should not be presented as established fact.
Why the Chinese competitors smear campaign claim matters now
The timing matters because such allegations can color perceptions of compliance and competitive conduct around Binance and its founder. According to the U.S. Commodity Futures Trading Commission, Binance agreed to a $4.32 billion penalty, and Changpeng Zhao paid a $50 million criminal fine plus $50 million to the agency in 2024.
Corporate background also provides context: according to Binance, the exchange was founded in 2017 by Changpeng Zhao, initially based in China before subsequent moves to Japan and Malta.
Against that backdrop, the unverified “Chinese competitors smear campaign” phrasing could be misread as an explanation for regulatory or market pressures. It is safer to treat it strictly as uncorroborated language rather than a verified account of industry behavior.
“This year, there are mainly Chinese competitors spending money to blacken us, while the competition from other peers is relatively professional,” attributed to Changpeng Zhao, founder of Binance.
Immediate impact: treat the Binance FUD allegation as unverified
In the absence of corroboration from a named, accountable source, classify the assertion as Binance FUD rather than substantiated reporting. Until verified, it should remain in rumor territory and be weighed accordingly.
At the time of this writing, based on data from NasdaqGS, Coinbase Global (COIN) last traded at 164.81 after hours, versus a 52-week range of 139.36 to 444.65. These figures are contextual only and unrelated to verification of the quote.
FAQ: the Changpeng Zhao quote and evidence
Is there a verified source for the CZ quote this year?
No. There is no verified, accountable source this year for the Changpeng Zhao quote about a “Chinese competitors smear campaign.” If a named, primary origin emerges, the status could change.
How to assess Binance FUD versus substantiated, accountable reporting
Look for primary attribution from a named speaker, official company statements, or regulator orders. Confirm dates and exact wording. Prefer records with institutional accountability and avoid elevating unattributed social posts.
This item remains unverified pending an accountable primary source.
Market context reflects described data and is not investment advice.
| 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. |
Other Posts
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
- Amplify 2024: Ohio’s Premier Blockchain Summit
- Polymarket Announces U.S. Beta Relaunch Amid Market Buzz
- China, US Conclude Trade Talks with Focus on Cooperation
- Michael Saylor Denies Bitcoin Sell-Off Amid Large BTC Transfer
- Court Upholds Fed’s Rejection of Custodia Bank’s Request
- Kazakhstan Explores Crypto Reserves Backed by National Funds
- Nordea Bank Introduces Bitcoin ETP Trading for Nordic Customers
- U.S. Treasury Proposes New Tax Relief Regulations
- EU Opens Antitrust Probe Into Deutsche Boerse and Nasdaq Derivatives Dealings
- Radiant Capital Faces $50M Loss in Major Security Breach
- SEGG Media Unveils $300 Million Crypto Reserve Plan
- 21Shares Files S-1 With SEC to Launch Hyperliquid ($HYPE) ETF
- Hong Kong Sentences Influencer for Unlicensed Investment Advice
- Franklin Templeton Signals TradFi and Crypto Integration
- JPMorgan Increases Holdings in BlackRock’s Bitcoin ETF
- Crypto Leaders Address Macro Volatility Amid Market Shifts
- CFTC Chairman Selig Plans to Formalize Crypto Regulations
- Capital A and Standard Chartered Explore Malaysia Stablecoin Launch
- JPMorgan Chase Launches 24/7 Digital Deposit Token for Clients
- MicroStrategy Retains Spot in Nasdaq 100 Amid Criticism
Latest
Press Release
Cango Inc. Closed the US$10.5 Million Equity Investment and Secured US$65 Million Additional Equity Investments
Phemex Astral Trading League (PATL) Goes Live, Building a Sustainable Seasonal Trading Progression System
