Crypto markets can be a bit strange, with a lack of regulation allowing for some peculiar experiments and memes to thrive. It’s no surprise then that investors in the space have become accustomed to the unexpected.
However, recently a shocking story has spread through WeChat, claiming that Binance CEO Changpeng Zhao, or CZ, had been shot by the FBI. Here’s what you need to know about the false reports.
Rest Assured, CZ is SAFU
The pessimistic economist Nouriel “Dr. Doom” Roubini has previously referred to CZ as a time bomb waiting to go off, but no one could have predicted that he would find himself in the crosshairs of the FBI.
This was the gist of a false news story that managed to proliferate quickly on WeChat. The rumor suggested that Zhao had been targeted by the US Federal Bureau of Investigation.
CZ himself posted screenshots on Twitter of Chinese New York Times accounts that had been photoshopped to include the fake report. WeChat users had some fun with the misinformation.
In order to clear the air and prove he wasn’t shot, Zhao tweeted that Binance works closely with the US agency and the story was completely fabricated.
Cryptocurrency markets have seen their fair share of oddities, and with a lack of regulation allowing for some wild experiments and memes to flourish, investors have become accustomed to the unexpected.
However, a recent story has caused a stir on WeChat, asserting that Binance CEO Changpeng Zhao, or CZ, had been attacked by the FBI. Here’s all you need to know about the fake news reports.
Fear Not, CZ is SAFU
Pessimistic economist Nouriel “Dr. Doom” Roubini has previously referred to CZ as a ticking time bomb, but no one could have predicted that he would be targeted by the FBI.
This was the central message of a false news story which managed to spread rapidly on WeChat. The rumor suggested that Zhao had been shot by the US Federal Bureau of Investigation.
CZ himself uploaded screenshots to Twitter of Chinese New York Times accounts which had been photoshopped to include the fabricated report. WeChat users found the misinformation quite amusing.
In an effort to disprove the story and prove he was unharmed, Zhao tweeted that Binance works closely with the US agency and that the narrative was completely untrue.