“The claim is unsubstantiated,” asserted the spokesperson via electronic correspondence with The Block.
“Crypto Twitter influencer ‘Cobie’ sparked a bearish sentiment that resulted in a downturn of Binance’s BNB token and the overall cryptocurrency market. Cobie disseminated a string of alphanumeric characters encrypted through the SHA-256 hash algorithm via a tweet, as per CoinDesk.”
Binance has come under the scrutiny of American regulators, as evidenced by the recent civil enforcement action brought by the Commodities Futures Trading Commission. The charges levied against CZ and Binance pertain to the violation of the Commodity Exchange Act and various CFTC regulations.
A Red Notice is a vital tool utilized by law enforcement globally in order to locate and apprehend individuals who are sought for extradition, surrender, or other forms of legal proceedings.