Former Binance CEO Changpeng “CZ” Zhao and co-founder Yi He have denied circulating rumors that Binance is being sold, calling them baseless speculation spread by competitors.
📌 Yi He dismissed claims that Binance was in acquisition talks, stating that some news outlets were paid to spread false information in an attempt to divert market attention, especially after Bitcoin hit a new all-time high.
🚨 CZ also weighed in, making it clear that “Binance is not for sale.”
Yi He: Binance Open to Mergers, But Not Selling
🔹 In a recent X post, Yi He addressed the crypto community’s speculation, stating:
📌 “Every month, institutions approach Binance about investments and partnerships. While we remain open to mergers and acquisitions, Binance is not for sale.”
🚨 She accused smaller competitors of fabricating rumors to manipulate public perception.
📌 Yi He also clarified that Binance remains open to acquiring other trading platforms that may be looking to sell.
Rumors Claim Binance Will Be Sold to a Decentralized Exchange
📌 An article excerpt circulating on X suggests Binance will be sold to a decentralized exchange (DEX), citing claims that the centralized exchange “cannot maintain its upward trend.”
🚨 However, no source has confirmed which DEX is allegedly involved in the purchase.
📌 Yi He responded directly to these speculations, reiterating Binance’s strong position and encouraging platforms looking to sell to reach out for acquisition discussions.
✅ “If there are other trading platforms with sales plans, please feel free to contact us,” Yi He stated.
Legal Updates: Binance and SEC Agree to 60-Day Pause
📌 On Feb. 11, U.S. Judge Amy Berman Jackson approved a 60-day pause in Binance’s legal battle with the SEC, allowing time for potential settlement discussions.
📌 The SEC’s Crypto Task Force could play a role in resolving the case, according to court filings.
📌 Meanwhile, Binance continues internal audits, with over 120 investigations leading to 60 employee terminations for violating company policies.
🚨 Binance also faces two ongoing lawsuits and regulatory prosecutions, adding further scrutiny to the exchange.
Conclusion: Binance Remains Strong Despite Market Rumors
📌 Binance co-founder Yi He and former CEO CZ deny rumors of a sale, calling them market manipulation.
📌 The exchange remains open to strategic partnerships and acquisitions but is not for sale.
📌 Speculation about Binance’s acquisition by a DEX remains unverified.
📌 Binance’s legal battle with the SEC is on hold for 60 days as discussions continue.
📌 The exchange continues to conduct internal audits, ensuring compliance with regulations.
🚀 With Binance remaining the largest crypto exchange globally, will these rumors impact its market standing?
