Binance founder Changpeng Zhao (CZ) has addressed a wave of misinformation circulating across the crypto market over the past few days. In a direct response on social media, CZ clarified several viral claims, calling them false, exaggerated, or taken out of context.
Here are the four major FUD narratives — and the facts behind them.
1. “There’s a $7 Million Polymarket Bet on CZ” — Fake
One of the most widely shared claims suggested that a Polymarket prediction event related to CZ had attracted $7 million in volume.
CZ denied this outright.
According to him:
The event does not exist on Polymarket
It’s not listed on any prediction market
The claimed trading volume is completely fabricated
CZ added humorously:
“If it did exist, I’d be the first to throw a cake in my own face.”
2. “CZ Canceled the Supercycle” — Not True
Another rumor claimed that CZ had “canceled” the crypto supercycle.
CZ clarified that this is a misinterpretation:
He said he is “less confident than before”
He never claimed the supercycle was over
He does not control the market
“If I had that kind of power, I wouldn’t be on Crypto Twitter with you all. I’d be snapping my fingers all day.”
3. “Binance Sold $1 Billion in Bitcoin” — Incorrect
This claim confused user activity with exchange activity.
CZ explained:
Binance did not sell Bitcoin
Binance users sold Bitcoin
Binance wallet balances change mainly when users withdraw funds
Many users keep assets on Binance and use it as a wallet even after trading, which often leads to misinterpretation of on-chain data.
4. “SAFU Fund Didn’t Buy Bitcoin” — Misunderstood
CZ reminded the community that Binance stated the SAFU fund would be converted into BTC over a 30-day period.
Key points:
Purchases won’t happen via DEXs
Binance is a CEX with the deepest liquidity
Funds may be bought gradually and transferred later
He also put the numbers into perspective:
“$1 billion over 30 days compared to Bitcoin’s $1.7 trillion market cap — do the math.”
According to CZ, the move is a confidence gesture, not a market-moving event.
Noise Is Loud, Facts Are Quiet
@CZ ’s message was clear:
FUD spreads faster than facts
Context gets lost
On-chain data is often misunderstood
He ended simply:
“Back to building.”