Following a spate of executive departures from Binance, the crypto exchange’s CEO Changpeng ‘CZ’ Zhao took to Twitter to dismiss “negative news” and rumors surrounding the company.

In a post on the social media platform, now renamed X, Zhao dismissed reports of “bank runs, lawsuits, closing of fiat channels, product wind downs, employee turnover, exit markets, etc.,” as “FUD” (Fear, Uncertainty and Doubt).

Binance has seen a number of top executives depart the company in recent months, with execs including general counsel Hon Ng, chief strategy officer Patrick Hillmann and SVP for compliance Steven Christie stepping down in July.

At the time, CZ dismissed reporting around the departures, arguing that “the reasons dreamed up by the “news” are completely wrong.” 

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Author: Mattis Meichler,Stephen Graves

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