Binance Drama: CZ and Yi He Spill the Tea on Sale Rumors! ☕️💸

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So, former Binance big cheese Changpeng ‘CZ’ Zhao and his partner-in-crime, Yi He, have decided to play the rumor game. You know, the one where they deny that Binance is being sold to some mysterious buyer? Yeah, that one. Apparently, it’s all just a ploy by their competitors. Classic! 🙄

In a recent post that probably took her a solid five minutes to write, Yi addressed the crypto gossip mill, which has been buzzing about a potential sale. Spoiler alert: she says it’s all a load of rubbish. Just a “public relations strategy” from competitors who are clearly paying news outlets to spin tales about Binance. Because nothing says “I’m winning” like trying to distract everyone when Bitcoin is hitting new highs! 🎉

“Every month, we get institutions knocking on our door asking if we want to play nice and accept their investment,” Yi clarified. So, they’re not ruling out strategic partners or mergers. But let’s be real, they’re not selling the crown jewels just yet. 💍

Then, CZ jumped into the fray, waving his arms like a dramatic character in a soap opera, insisting that some tiny competitors in Asia are just making a fuss. “Binance is not for sale,” he declared, probably while rolling his eyes. 🙄

But wait, there’s more! Yi also took the chance to say that if any other trading platforms are looking to sell, they should totally slide into Binance’s DMs. Because who doesn’t want to buy a trading platform? It’s like a Tinder date but with more spreadsheets! 📈

In a plot twist worthy of a Netflix series, an article (from an undisclosed source, of course) claimed that Binance might be sold to a decentralized exchange because it “can’t maintain its upward trend.” Traders on X are still scratching their heads trying to figure out which DEX is the lucky one. Good luck with that! 🤷‍♀️

And just when you thought it couldn’t get any juicier, on Feb. 11, U.S. Judge Amy Berman Jackson approved a 60-day pause in a case involving the SEC, Binance, and CZ. Apparently, the SEC’s Crypto Task Force might help resolve this little drama. Because who doesn’t love a good courtroom showdown? ⚖️

Earlier this month, Yi revealed that Binance has conducted over 120 internal audits, resulting in 60 employees getting the boot for breaking the rules. And just to keep things spicy, there are at least two ongoing lawsuits. Because what’s a crypto exchange without a little legal drama? 🍿

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2025-02-17 15:34