Key Ideas

• Claims that CZ, the CEO of Binance, was shot by FBI agents were refuted.
• On the Chinese social media site WeChat, the false narrative has gained traction.
• The CEO takes advantage of the occasion to emphasize Binance’s close collaboration with the FBI.

On China’s WeChat social media platform, a false news story claiming that Binance CEO Changpeng Zhao (CZ) was “shot” by government officials went viral.

CZ recently refuted a rumor that had circulated widely on a Chinese chat site in a tweet.

In response to the false rumors that circulated on the WeChat messaging app in China, CZ claimed that he had been “shot” by the FBI, highlighting Binance’s positive working relationship with them.

CZ kept things lighthearted when confronted with the peculiar claim that he had been shot by US law enforcement, saying that the Binance team gets along well with the FBI and punctuating his statement with a “shrug” emoji.

The CEO of Binance tweeted a photo-shopped image of The New York Times’ Chinese Twitter account.

Someone photoshoped this, and it got spread widely on WeChat in china. It says I got shot by the FBI, whom our team work with closely… 🤷‍♂️ 4. pic.twitter.com/2Iz7c1QgA8

— CZ 🔶 Binance (@cz_binance) March 3, 2023

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Despite having a poor start to 2023, CZ’s New Year’s resolution to ignore “FUD, fake news, attacks, and so on” has failed miserably.

CZ made a joke about anyone who purchased the fake article and then sold their cryptocurrencies in response to another Twitter user. The user highlighted the phrase “Changpeng Zhao was shot dead by the FBI” in a screenshot.

鹏哥，听说你被FBI给biu～biu了？如果是真的你就点点头给点暗示😅@cz_binance @sisibinance pic.twitter.com/yI8Plzq0Av

— Jimi (@Jimi_Lee99999) March 3, 2023

Binance.According to a Coincu report from October 2022, the US has appointed former FBI agent BJ Kang to head an investigative team tasked with stopping illegal activity on the platform.

After working for the FBI for more than 20 years, most recently as a member of the cybercrime team in the Washington field office, BJ Kang decided to leave the organization for a cryptocurrency exchange.

CZ and Binance earlier.

Three US senators, Roger Marshall, Chris Van Hollen, and Elizabeth Warren, wrote to US CEO Brian Shroder on March 1 requesting more information about Binance’s financials.