Binance CEO denied information about the exchange’s purchase of 101 266 BTC
It was previously reported in the media that the platform acquired bitcoins amid the fall in the asset’s rate
20.06.2022 - 07:25
654
2 min
0
What’s new? The CEO of cryptocurrency exchange Binance Changpeng Zhao said that the platform did not buy 101 266 BTC ($2 billion as of June 20), as previously reported in the media. On June 19, CoinGape reported that the cryptocurrency exchange took advantage of the decline in the bitcoin rate to buy the asset. Zhao called the information “another wrong article.” He noted on Twitter that the authors of this piece do not understand how exchanges work with cold wallets. Zhao explained: that an increase in funds on the exchange’s cold wallet means more users deposited to the platform.
Another wrong article. When #Binance cold wallet increases, it means more users deposited to #Binance. This journalist doesn't seem to under the concept of cold wallets for exchanges. 😂» Breaking: Binance Buys The Dip, Adds 101,266 Bitcoin https://t.co/RbrAHiUL2t— CZ 🔶 Binance (@cz_binance) June 19, 2022
On June 18, the price of bitcoin fell below $20 000 for the first time since December 2020. As of June 20, 07:40 UCT, BTC is trading at $19 903, according to Binance.
On June 13, Zhao noted that crypto winter is a great time to expand staff and make new acquisitions for the company. The exchange already opened 2000 new jobs and also plans new mergers and acquisitions (M&A).
Earlier, Binance representatives called false and exaggerated information in a Reuters article that attackers had laundered $2,35 billion with the exchange since it opened in 2017.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$62 393
BTC
-0.18%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
-1.14%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.084515
DOGE
-2.9%
-
Stellar XLM
$0.190949
XLM
-7.19%
-
Cardano
$0.162976
ADA
-13.32%
-
Zcash
$324.29
ZEC
-39.35%
-
Polkadot
$3.32
DOT
+5.27%