Changpeng Zhao, known as CZ, publicly rejected rumors linking Binance to a so-called “Covid crash” narrative tied to BitMEX, according to a recent post on his official X account. In the statement, CZ addressed speculation circulating in crypto circles and denied the claims directly.
The discussion centers on allegations suggesting Binance played a role in events associated with a past market downturn often labeled the “Covid crash.” CZ dismissed the narrative, pushing back against what he described as unfounded rumors connecting Binance to BitMEX-related turmoil. His comments respond to renewed chatter within the industry, where historical market volatility is being reexamined and reassigned blame. The clarification is relevant for market participants concerned about reputational risk and the accuracy of claims spreading across social media.
CZ’s post did not indicate any further action beyond correcting the record, but it signals Binance’s intent to counter misinformation swiftly. Observers will likely monitor whether additional statements or evidence emerge as the debate continues within the crypto community.
Source: CZ on X
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