HomeCrypto NewsExchangesCZ denies that Binance bought 2 billion worth of Bitcoin...

CZ Denies Binance Buying $2 Billion worth of Bitcoins

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Binance did not purchase US$2 billion worth of Bitcoin as the media reported, founder and CEO Changpeng Zhao said in a tweet.

At least two major news sites have reported that Binance bottomed and collected around 101.266 Bitcoin as they tracked the Binance cold wallet.

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“Another false article,” Zhao tweeted today. “As Binance cold wallets increase, that means more users depositing money into Binance.”

On Monday morning Asia time, Bitcoin price recovered above $20.000 after falling to as low as $17.708 on Sunday, according to data from CoinMarketCap.

Withdrawals on the Binance Bitcoin network were halted last week because Zhao said a stuck transaction caused a backlog, but the exchange resolved the issue within hours.

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