Crypto Drama Unfolds: Binance Co-Founder Yi He Claps Back at Selloff Rumors! 😱💥

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So, here we are, folks! The crypto world is buzzing with rumors that Binance is about to pull a disappearing act or, you know, sell off like a yard sale gone wrong. But fear not! Yi He, the co-founder of Binance, has stepped in to clear the air. Spoiler alert: it’s not happening! 🎉

Yi He, in her infinite wisdom, has decided to address the swirling gossip that Binance is “about to be sold.” She’s like, “Really? Who even started this nonsense?” Apparently, it’s just some competitors trying to throw shade. Classic! 🙄

“So the crisis PR strategy of competitors is to buy a lot of articles and spread rumors about Binance to divert attention?” Yi He quipped, throwing a thumbs down emoji for good measure. Because nothing says “I’m not worried” like a well-placed emoji! 👎

In her statement, Yi He made it crystal clear that Binance is all about those investment chats and potential partnerships. But selling? Nah, not on the agenda. She’s open to mergers, but only if you bring your best game! 💪

“We do not rule out the introduction of strategic partners and are open to mergers and acquisitions. If there are other trading platforms with sales plans, please feel free to contact us,” she added. So, if you’re looking to sell your crypto lemonade stand, you know who to call! 📞

Now, let’s talk about the Binance lawsuit drama. Last week, Binance and the SEC decided to hit the pause button on their ongoing legal tango for at least 60 days. Why? Because they’re forming a new crypto task force, led by SEC Commissioner Hester Peirce. Sounds fancy, right? 🕵️‍♀️

Both parties are hoping this task force will sprinkle some magic dust on their case. After 60 days, they’ll check in to see if they need more time or if they can wrap it up like a Netflix series. Fingers crossed! 🤞

And then there’s CZ, the other co-founder, who’s weighing in on the token listing process. He’s not holding back, calling it “faulty.” Apparently, it takes ages for tokens to list on centralized exchanges after they’ve already made their debut on decentralized ones. It’s like waiting for your toast to pop up when you’re already starving! 🍞

“As an observer, I think the Binance listing process is a bit broken. They announce, then list 4 hours later. The notice period is necessary, but in those 4 hours, the token prices go high on DEXes, and then people sell on CEX,” Zhao wrote. So, he’s basically asking for a speedier process. Who doesn’t love efficiency? 🚀

So, there you have it! The Binance saga continues, filled with rumors, legal maneuvers, and a sprinkle of sarcasm. Stay tuned for more updates, because in the world of crypto, it’s never a dull moment! 🎢

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2025-02-17 14:00