CZ Refutes Rumors: Did Not Profit from Hedging User Positions, and Has Never Traded on BitMex

Odaily News CZ posted on the X platform, stating that rumors about Binance hedging customer positions on BitMex and earning over 60,000 BTC during the 312 crash are false information. CZ pointed out that the related claims are entirely fabricated, and their purpose remains unclear.

CZ stated that Binance has never conducted any trading on BitMex, which can be confirmed by BitMex founder CryptoHayes. According to his understanding, BitMex processes withdrawals only once per day.