Is Binance Really for Sale? CZ’s Hilarious Denial Will Leave You in Stitches! 😂

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In the shadowy corridors of the cryptocurrency realm, where whispers of fortune and ruin intertwine, the illustrious Changpeng Zhao, known to the masses as CZ, has risen to dispel the tempest of speculation swirling around his grand enterprise, Binance. With a flourish befitting a tragic hero, he proclaims, “Nay! This is but a farce, a grotesque jest spun by the envious tongues of competitors!”

Ah, the audacity of those who would dare to suggest that Binance, a titan among exchanges, is up for sale! CZ, in a moment of sardonic clarity, took to the digital ether on February 17, declaring, “Some lowly self-perceived competitor in Asia fudding about Binance (CEX) for sale.” His words, dripping with irony, echo through the void, “As a shareholder, Binance is not for sale.”

Yet, in a twist of fate that would make even the most stoic philosopher chuckle, he concedes that the siren call of investment has always beckoned to the great Binance. “Perhaps,” he muses, “we may entertain the notion of future investments, but only within the confines of single-digit percentages.” A tantalizing morsel for the hungry investors, indeed!

In a delightful synchronicity, Yi He, the other co-founder, echoed his sentiments earlier that very day. “These claims,” she quipped, “are merely a public relations strategy, a diversion crafted by our competitors, especially after Bitcoin has soared to dizzying heights.” With a wink, she added that while Binance is not for sale, the door remains ajar for mergers and strategic partnerships. How very generous of them!

But lo! The specter of speculation loomed large, ignited by reports of significant asset movements within Binance. On February 11, a certain AB Kuai.Dong, a user of the platform, pointed out a curious reduction in holdings, including Bitcoin. Yet, the exchange, with a flourish of its own, dismissed these changes as mere internal treasury adjustments. A classic case of “nothing to see here, folks!”

In a plot twist worthy of a Dostoevskian novel, CZ recently emerged from a four-month prison sentence, having pleaded guilty to violations of U.S. anti-money laundering laws. In a post-release interview, he revealed that offers to sell his controlling stake in Binance had indeed crossed his path. “But,” he mused, “I shall not reveal the identities of these suitors. For now, I remain open to their proposals, like a door left ajar on a stormy night.”

Meanwhile, the specter of regulatory scrutiny looms ominously over Binance, particularly in France, where authorities have launched an investigation into allegations of money laundering and tax fraud. The Paris Public Prosecutor’s Office, with the fervor of a detective in a crime novel, is examining the firm’s activities from 2019 to 2024, seeking potential links to the nefarious world of drug trafficking. Binance, of course, vehemently denies all allegations, as one would expect in such a dramatic tale.

Yet, amidst the chaos, a glimmer of hope emerges from the United States. On February 10, Binance, in a rare moment of cooperation, filed a joint motion with the U.S. Securities and Exchange Commission to pause ongoing legal proceedings for 60 days. Both parties, in a moment of unexpected camaraderie, believe that the newly formed crypto task force may illuminate the path to resolution. The request has been granted, a small victory in the grand theater of legal battles.

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2025-02-18 23:34