Binance co-founder Changpeng Zhao says the exchange didn’t sell and that he personally bought ahead of the drop, as Bitcoin recovers from its lowest level since July
Bitcoin slid to its lowest price since July over the weekend. A broad crypto selloff wiped out roughly $2 billion in leveraged positions along the way.
Then the internet went looking for someone to blame. Binance co-founder Changpeng Zhao, better known as CZ, quickly stepped in to say his former exchange was not the culprit.
According to CZ, Binance did not sell any crypto assets during the decline. He went further and said he had personally been buying digital assets in the days before prices fell. That is roughly the opposite of what the rumor mill…
