Binance Co-Founders Deny Rumors of Exchange Sale

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The rumors circulating online that “Binance is about to be sold” were dismissed as false by the platform’s co-founder Yi He, who attributed them to competitors spreading misinformation.

According to her, institutions regularly reach out to Binance, expressing their willingness to collaborate and invest.

“We do not rule out bringing in strategic partners and are open to mergers and acquisitions. If there are other trading platforms considering a sale, please contact us,” she added.

Former Binance CEO Changpeng Zhao (CZ) responded to the rumors by posting the number 4, which in his classification means “ignore FUD and fake news about Binance.”

“Some overconfident and unremarkable competitor in Asia is pushing rumors about Binance being sold. As a shareholder: CEX is not for sale. Major investors have always been interested in Binance. Over time, we may allow certain investments in the single-digit percentage range,” CZ stated.

In September 2024, Zhao was released after serving a four-month prison sentence in the U.S. He had been convicted of money laundering and other violations related to Binance’s operations.

Prior to this, Binance had permanently banned him from management. However, current Binance CEO Richard Teng confirmed that CZ remains the company’s largest shareholder.

Previously, in November 2024, Zhao had stated that he was open to considering offers for his stake in Binance.