The cryptocurrency market has been abuzz with recent rumors from an anonymous source claiming that Changpeng Zhao (CZ)CEO of cryptocurrency exchange Binance, reportedly received a Interpol Red Notice.
The rumor about the issuance of the Interpol Red Notice for Changpeng Zhao (CZ), the CEO of Binance, has immediately impacted the exchange’s native currency, BNB. This quickly suffered a 3.11% drop in price and is currently trading at $303.
Speculation spread after popular Twitter user Crypto Cobie posted an encrypted message. The “Interpol Red Warning for CZ” message was encoded into a string of characters and numbers using the hash algorithm SHA-256the same encryption used to safeguard bitcoin and other cryptocurrencies.
Despite the accusations against him, CZ has taken to his Twitter account to denounce the claims, stating that they are completely false. She even shared a photo of the alleged Red Notice, claiming that the image was doctored.
This statement has made many cryptocurrency traders and investors nervous because they fear the future of Binance, CZ and the entire cryptocurrency industry. Furthermore, the uncertainties and volatility of the cryptocurrency market have been exacerbated by the current charge against CZ. Cryptocurrencies are considered by many to be promising investment opportunities, but they can be dangerous due to a lack of regulation and the possibility of legal disputes.
Interpol Notice and Other Allegations Filed Against Binance CEO
According to a previous Crypto report, Changpeng Zhao (CZ) has been accused by two law firms, Moscowitz Law Firm and Boies Schiller Flexner, of engaging in fraudulent activities within the cryptocurrency market. The allegations against the Binance CEO include issuing unregistered securities and using self-proclaimed “finance gurus” on social media to promote trading for personal financial gain.
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