đŻ @CZ says he doesnât trade, but his companies do
CZ often says he doesnât trade crypto himself. Thatâs because he doesnât have to.
Merit Peak and Sigma Chain, both owned by CZ, have been documented moving billions of dollars of his personal capital. These firms operated as market makers with access regular users never had.
They reportedly had privileged access to non-public data inside Binance. That created a built-in informational advantage.
With that edge, they allegedly:
âĄïž Engaged in large-scale wash trading
âĄïž Actively traded against Binance users
âĄïž Contributed to liquidations through aggressive positioning
âĄïž Helped inflate reported trading volume
This isnât about CZ placing spot trades. Itâs about the exchange owner controlling opaque market-making entities that profit from activity on his own platform.
When the house owns the biggest liquidity players, neutrality doesnât exist.