Changpeng Zhao (CZ), CEO of the largest cryptocurrency exchange, Binance, responds to allegations that their Shanghai office was raided last week. In an interview with Nugget’s News, CZ maintains that Binance does not run an office in China, while, at the same time, denying that the incident ever took place.
The Block Maintains A Raid Happened
Last week, The Block reported that Binance’s Shanghai office was raided as a part of a crackdown on cryptocurrency companies by Chinese authorities.
And following the fallout from the incident, The Block has since revised its original article. For example, in describing the event as a “visit,” rather than a “raid.” But all the same, they maintain that the incident did happen, citing firsthand sources, including the building management team.
In spite of other outlets uncritically reporting Binance’s official line on the matter, The Block stands by our sources and reporting that Binance’s Shanghai office was shut down.
In the name of transparency, we’ve unpaywalled the article.https://t.co/qKX7zyq73A
— The Block (@TheBlock__) November 21, 2019
CZ was quick to refute the story, saying that Binance does not have an office in China….
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Author: Samuel Wan