Changpeng Zhao Says ‘Fudders FUD’ And Binance ‘Buys’ As Crypto Exchange Grapples With Insolvency Buzz Online
Cryptocurrency behemoth Binance (CRYPTO: BNB) on Wednesday denied issuing any legal threats against an individual who alleged the cryptocurrency exchange was insolvent and played a part in the October crypto flash crash.
The Allegations Against Binance
An X user, going by the pseudonym Lewsiphur, said they received a cease-and-desist notice from Binance, a day after accusing the world’s largest cryptocurrency exchange of insolvency and being “solely responsible” for the Oct. 10 event that triggered the cryptocurrency market’s largest-ever liquidation.
“I really want to expose everything I was told from credible resources but I can’t risk a legal battle,” Lewsiphur said.
Binance denied sending the notice, calling the letter a “forgery with a very active imagination.”
X users added a community note to Lewsiphur’s post, stating, “The author of the post fabricated a cease and desist letter to promote a false narrative about Binance and advance his own casino affiliation.”
Leonidas, another widely followed X personality, said they have “independently verified a real instance” of Binance threatening to sue a user for …
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