Back

Analyst Debunks Claim of $30M ASTER Sale Linked to Zhao Changpeng

On-chain analysis confirms fabricated screenshots falsely linked Binance founder Zhao to a $35 million ASTER transfer.

Summary

Binance founder Changpeng Zhao denied allegations of involvement in a $35 million transfer of ASTER tokens. On-chain analysis revealed the claims were based on manipulated screenshots and confirmed the transactions were unrelated to Zhao. This follows earlier reports that wallet movements misattributed to Zhao were actually internal Binance hot wallet transfers.

Terms & Concepts
  • Hot Wallet: A cryptocurrency wallet connected to the internet, used by exchanges like Binance for frequent transactions and liquidity management.
  • On-Chain Analysis: The process of examining blockchain data to track and verify cryptocurrency transactions.
  • ASTER: A cryptocurrency token mentioned in the report, with a claimed value in the transaction example.