CZ Says He Never Said He Planned to Sell Binance's SPCX Shares
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4 Articles
Binance founder CZ denied claims that over $1 billion worth of SpaceX (SPCX) shares would be sold. Shares rose to $137.81; the December 8 unlock date and analyst targets are under scrutiny.
Changpeng Zhao clarified that he had not said that Binance would sell his SpaceX shares. The discussion arose after Elon Musk published comments on Binance's hack, whose impact was set at USD 6.3 billion by means that covered the incident.
According to ChainCatcher, Changpeng Zhao responded to discussions about SPCX stock on the X platform, stating that he has never indicated any intention to sell SPCX shares. His previous mention of holding the stock stemmed from posts comparing Binance to FTX, which might have misled the public into believing Binance lacked funds. His actual point was that Binance holds assets beyond crypto assets. Zhao also stated that the scale of Binance's as…
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