Binance Founder CZ Denies Sudden Red Interpol Notice Rumors – Here's the Latest
Binance CEO has refuted allegations that he has received an Interpol Red Notice seeking to locate and arrest the crypto founder, calling the rumor "FUD."
In a Tuesday tweet, Changpeng “CZ” Zhao denounced claims that he was facing a Red Notice request issued by The International Criminal Police Organization. He even shared a photo of the alleged Red Notice, clarifying that the picture was photoshopped.
The rumors started to spread on social media after Twitter personality ‘Cobie’ shared a crypto transaction that came with an on-chain message claiming that CZ was facing an Interpol Red Notice.
Several news outlets picked up the story, which led to panic among the crypto community. It triggered a sharp drop in the price of Binance’s BNB token as well as the broader market.
Interpol is an international criminal police organization that facilitates cross-border cooperation among police forces from different countries. It issues a Red Notice for fugitives who are wanted for extradition.
The agency can act as a request to law enforcement agencies in 194 member countries to locate and provisionally arrest the person who is the subject of the notice.
A Red Notice is not equivalent to an international arrest warrant, and it is not enforceable on its own. Instead, the notice serves as a tool to facilitate the extradition of a wanted individual from one country to another.
In a comment to CryptoNews, a spokesperson for Binance denied the allegations and referred to Interpol’s website, which does not list a public Red Notice for Binance CEO Changpeng Zhao as of April 4.
Binance has been under increasing scrutiny from regulators around the world in recent months, with its US business being the most vulnerable to ongoing crackdowns by the
Read more on cryptonews.com
