
CZ clarifies that recent market drop stemmed from tariff news, not Binance actions, and reinforces the platform’s commitment to compliance and user responsibility.
On January 31, Binance founder Changpeng Zhao (CZ) addressed market concerns in an AMA, dismissing claims that Binance was responsible for the recent 1011 market drop. CZ clarified that the decline was triggered by U.S. tariff news from President Trump, not by any trading activity or manipulation by Binance. He emphasized that the exchange does not engage in trading to profit or manipulate markets, and reiterated its focus on regulatory compliance. CZ also urged users to take responsibility for their investment decisions and rebutted accusations of deliberate asset sales.