Jul 1, 2022

Binance has denied information about searches in its Shanghai office

On November 21, rumors appeared about a police raid at the office of the trading floor. Amid this news, the BNB token lost 6% of the price.

Police did not search Binance’s officeShanghai, because he is not there, said the head of the trading platform, Changpen Zhao. In his Twitter account, he called the news "stuffing and manipulation."

“No police, no raid, no office. I hope you didn’t pay to read this stuffing? ”Zhao explained.

Information about the searches was published by the publicationThe Block yesterday, November 21. It was alleged that police came to the Binance Chinese office with searches, with about 100 employees on the trading floor.

Amid false news about office searchesBinance has experienced a sharp drop in the value of the BNB platform token. The coin rate dropped to $ 16.4, it lost about 7% of the value. The asset is currently trading at $ 16.94