14-6-2023 (NEW YORK) Binance CEO Changpeng Zhao took to Twitter on Tuesday to clarify that the cryptocurrency exchange has not sold any bitcoin or Binance Coin (BNB), the exchange’s native token.
This statement comes in the wake of the recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, which included 13 charges against the company, its CEO, and the operator of its purportedly independent U.S. exchange.
The legal actions taken against both Binance and Coinbase Global have raised concerns among investors, signaling a potential prolonged period of uncertainty for the cryptocurrency market. The industry has already endured a series of setbacks, including the bankruptcy of FTX, Binance’s major competitor, last year.
As a result of the SEC’s legal action, the value of Binance Coin has experienced a decline of over 20 percent.
