CZ Denies Gold and Silver Holdings and Trading Amidst Market Rumors

Binance founder Changpeng Zhao, widely known as CZ, has addressed circulating rumors suggesting he has been liquidating his gold and silver assets. In a response posted on the X platform to a community user inquiring about "why CZ is selling all his gold and silver," Zhao stated that he has never bought or sold gold and is unfamiliar with the process.

Zhao further commented humorously on the matter, saying, "Let me sell my 2 ounces of gold and see how the market reacts." This statement directly refutes any involvement in gold or silver trading and highlights the speculative nature of the rumors.

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