Binance says it is not a "secret pocket of the Chinese government"

The founder of the largest cryptocurrency exchange spoke about the problems associated with running such a business. And responding to what journalists said about Binance's criminal activities and used as a secret bank of the Chinese government.

Binance's CEO, Changpeng Zhao, also known as CZ, responded to the many conspiracy theory followers. They believe that the largest cryptocurrency exchange is a personal wallet for the Chinese political elite.

The response to the conspirators was published on Binance's blog on Thursday, September 1. This response spawned an entire Twitter skirmish, in which a former Washington Post journalist took part. The journalist asked Zhao, with a wholly justified swipe, "While you're at it, who is Guanyin Chen?"
 

Guanying Chen, according to the theory, is a close friend of CZ and, in part, a Chinese citizen. According to the theory, he is the secret owner of Bijie Tech. That's the company he founded in 2015 and possibly the remote owner of Binance.

Changpeng Zhao, for his part, said that Chen was his longtime colleague, a back-office manager at Bijie Tech, and then he took her to Binance. He did not understand where these ramblings were coming from.

Also among the conspirators' arguments was the Scam Binance website (a terrifying name if it really is the competitors trying to smear the company). The site indicated that Chen owned 93% of Bijie Tech and Binance at some point.

However, CZ said it was related to the old company, and competitors ran this black PR through an anonymous microsite. And now, she and her family have become a real target for various journalists and adorers of intrigue as well as fans of conspiracy theories.

Believe it or not, there is no choice either way, for there are too few facts on either side.