- Rumors about CZโs involvement with Wintermute dispelled through official statements.
- No financial partnership confirmed in ASTER and USD1 matters.
- Market responded with minimal disruption; prices quickly stabilized.
Changpeng โCZโ Zhao denies involvement with Wintermuteโs activities, including USD1 and ASTER tokens. CZ clarified via X that Binance is not directly linked, while Wintermuteโs CEO refutes market manipulation claims, emphasizing stable market-making practices.
Changpeng โCZโ Zhao has denied involvement in Wintermuteโs market activities and rumors regarding ASTER and USD1, issuing clarifications via X and Binance Square.
CZโs statements counter growing speculation linking him to recent Wintermute activities and ASTER token movements. He stressed on X that ASTER is unrelated to Binance, and warned against USD1 scams exploiting its name. Wintermuteโs CEO Evgeny Gaevoy categorically dismissed market manipulation claims as baseless.
Claims of market manipulation are flat earth theory level stupidity.
โ Evgeny Gaevoy, CEO, Wintermute
Despite rumors of involvement, ASTER token only saw a 3.7% price drop and stabilized quickly, indicating market resilience. Wintermuteโs asset movements, such as the $4.8M ASTER transfer, did not cause widespread disruption.
Speculation concerning manipulation by major players like Binance continues to underscore discussions on transparency and regulation in crypto markets. This incident highlights the potential for misinformation to influence market perceptions.
Despite prior similar allegations, both CZ and Gaevoyโs denials emphasize maintaining trust through transparency. Prominent figures, such as Ben Todar, stress the risk of overreacting to key opinion leadersโ spontaneous social media commentary. Regulatory dialogue remains ongoing.
About the author
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