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
196
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 Market
A non-profit organization spokesman said that a reward is provided for any bugs that affect the code base of the Shapella upgrade
Mar 24, 2023
Market
Withdrawals from the platform are also temporarily unavailable
Mar 24, 2023
Market
The reasons for this decision are not reported
Mar 24, 2023
Incidents
The Justice Department will seek the entrepreneur’s extradition to the United States
Mar 24, 2023
Incidents
The average amount of stolen funds was $97 583
Mar 23, 2023
Incidents
At the moment, law enforcement officers are waiting for official confirmation of identity
Mar 23, 2023
Cryptocurrency rates
-
Bitcoin
$28 074
BTC
+1.21%
-
Ethereum
$1 789.48
ETH
+1.48%
-
Ripple
$0.45
XRP
-0.03%
-
Cardano
$0.36
ADA
-0.14%
-
Dogecoin
$0.08
DOGE
-0.02%
-
Polkadot
$6.09
DOT
+0.66%
-
Litecoin
$93.96
LTC
+0.12%
-
Solana
$10.15
SOL
-9.47%
-
Monero
$163.47
XMR
-0.06%
-
Stellar
$0.09
XLM
+1.14%