The post Binance faces scrutiny as CZ quote’s source disputed appeared on BitcoinEthereumNews.com.

No verified source confirms the Changpeng Zhao quote claim No accountable, on-the-record source this year corroborates the alleged Changpeng Zhao quote about a “Chinese competitors smear campaign.” There is no primary attribution or transcript matching the wording. Checks of official statements, regulatory actions, and dated coverage reveal no verifiable origin for the statement. Without a named, verifiable source, the claim remains unconfirmed and should not be presented as established fact. The timing matters because such allegations can color perceptions of compliance and competitive conduct around Binance and its founder. According to the U.S. Commodity Futures Trading Commission, Binance agreed to a $4.32 billion penalty, and Changpeng Zhao paid a $50 million criminal fine plus $50 million to the agency in 2024. Corporate background also provides context: according to Binance, the exchange was founded in 2017 by Changpeng Zhao, initially based in China before subsequent moves to Japan and Malta. Against that backdrop, the unverified “Chinese competitors smear campaign” phrasing could be misread as an explanation for regulatory or market pressures. It is safer to treat it strictly as uncorroborated language rather than a verified account of industry behavior. “This year, there are mainly Chinese competitors spending money to blacken us, while the competition from other peers is relatively professional,” attributed to Changpeng Zhao, founder of Binance. BingX: a trusted exchange delivering real advantages for traders at every level. In the absence of corroboration from a named, accountable source, classify the assertion as Binance FUD rather than substantiated reporting. Until verified, it should remain in rumor territory and be weighed accordingly. At the time of this writing, based on data from NasdaqGS, Coinbase Global (COIN) last traded at 164.81 after hours, versus a 52-week range of 139.36 to 444.65. These figures are contextual only and unrelated to verification of the quote.…

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Filed under: News - @ February 16, 2026 7:23 pm