The former CEO of Binance, now leading YZi Labs, addressed rumors about the exchange being for sale. He attributed these rumors to fear, uncertainty, and doubt (FUD) from a competitor in Asia. On February 17, he stated on X that as a shareholder, Binance is not for sale.
Yi He, Binance’s co-founder, echoed these sentiments. She dismissed the claims as originating from a rival. Yi mentioned that Binance regularly receives requests for investment and partnerships from various industry players. She also noted that the company is open to potential strategic partnerships, including mergers and acquisitions.
Zhao, known as CZ, highlighted that top investors have always shown interest in Binance. He suggested that in the future, the company might consider accepting investments in small percentages.
These comments come amid growing speculation about the sale of Binance, a leading centralized exchange (CEX). Zhao stepped down as CEO in 2023 after serving a four-month prison sentence due to a plea deal with U.S. authorities. This deal included a $4.3 billion settlement. Binance is also involved in ongoing legal issues with the SEC.
Following the rumors, the price of Binance’s native token, BNB, which had increased recently, saw a decline.
