A social media post claimed Binance earned 60,000 BTC by shorting Bitcoin on BitMEX ahead of the March 2020 Black Thursday crash. Binance co‑founder Changpeng “CZ” Zhao dismissed it as fake news, stating Binance never traded on BitMEX and there’s no proof or official record of such activity. He also noted BitMEX’s withdrawal system wouldn’t support a huge single exit. Most in the crypto community called the rumor baseless FUD, with no evidence offered to back it.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
After experiencing a significant sell-off, the bulls are trying hard to initiate a strong rebound…
The memecoin sector is beginning to show signs of renewed strength after spending months in…
The upcoming CLARITY Act is widely expected to reshape the U.S. crypto market by providing…
After consolidating within a pre-defined range, the Dogecoin price is showing early signs of recovery.…
Avalanche (AVAX) price hovered near $6.65 after climbing more than 3% this week, recovering from…
The XDC price has spent months sliding from its 2025 peak of $0.1567 to around…
