- The Block reported that Binance’s Shanghai office was raided by the police.
- Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims.
- CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.”
On Thursday, The Block published an article that rocked Crypto Twitter (CT).
The New York-based crypto media outlet reported that Binance’s Shanghai office was raided and shut down by the police. The article also noted that some 50 to 100 employees of the Shanghai site including members of the top brass were forced to either work remotely or relocate to neighboring Singapore.
At the center of The Block’s bombshell is Binance’s claim that they don’t have an office in Shanghai. The crypto exchange’s CEO and CFO were both adamant that the location in question does not exist. Hours after the revelation, The Block began to soften their stance.
CZ: ‘No Police, No Raid, No Office’
It took about eight hours before Binance’s chief executive chimed in on the controversy. Perhaps, the time difference played a role in CZ’s delayed response. Nevertheless, the Binance CEO lit up Twitter with a tweetstorm to vehemently deny the existence of a Shanghai office. According to CZ, it has been more than two years since a Binance office in Shanghai existed.
After clearing the air, CZ immediately went on the offensive. The chief executive shared an image of a conversation about how Chinese-based exchanges pay 12-man teams to write negative content about Binance. Perhaps, people from one of these teams were the sources of The Block.
Yi He, co-founder and CMO of Binance, joined the…