Binance CEO responds to launchpool accusations, discusses crypto scams
During a recent AMA, Binance CEO Richard Teng addressed accusations of misusing Launchpool funds, discussed the HBO documentary on Bitcoin’s creator, and outlined the company’s efforts against crypto scams.
During a question-and-answer session on X, Teng addressed allegations of using the company’s balance sheet capital to farm its launchpool, a process meant to benefit the community.
He firmly denied these claims, stating that Binance prioritizes user protection and fairness in trading practices. Teng emphasized Binance’s strict internal policies, including firing employees involved in unethical behavior, and reassured users that these accusations are “false and should be ignored.”
Later Teng tweeted an update, shared…
