Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB By Cointelegraph

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© Reuters.

Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling (BTC) to artificially stabilize the price of its BNB (BNB) token.

The rumors have come from several market commentators, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, who have accused Binance of intentionally manipulating the market to artificially inflate the value of BNB.