We have previously published on the Arab Bitcoin website a topic about:

Sources: Chinese police raid Binance’s Shanghai office

The news was relayed from the USA-based source theblock.

In the interest of the Arab Bitcoin website, which operates impartially and objectively, which aims to provide cryptocurrency news first-hand to Arab users, where we present all points of view without bias and leave the Arab user the freedom of thought and opinion.

Recently, the CEO of Binance on Twitter published several posts about the case of the police raid in Shanghai of Binance’s office in China and said that it was just sowing doubt and fear “FUD”.

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Changpeng Zhao, CEO of Binance, one of the world’s largest cryptocurrency exchanges, has frankly denied reports that the Chinese authorities raided the company’s Shanghai office.

He told CZ that the news was baseless and told the CEO of Malta-based Binance that in fact it does not have an office in Shanghai and that the allegations are part of a smear campaign led by rival trading platforms in the crypto market.

But the statement did not do the great thing to make the source of the news “theblock” change its statement. Rather, the source of the news defended the publication and the accuracy of its sources, while questioning the credibility of Binance’s official statement on this issue.

The debate among the crypto community shifts over whether or not Binance has an office in Shanghai.

Larry Cermak, principal researcher at theblock, admitted that the publication could not confidently say that a police raid had taken place.

However, the original article has not been removed or edited to reflect this comment for the purpose of this topic being raised.

There is some evidence of the office’s existence, however the chronology appears to conflict with the events that took place in “theblock” and there is another claim that Binance’s Shanghai office has suddenly closed its doors in recent weeks.

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Matthew Graham, CEO of Sino Global Capital, discovered records of Binance in Shanghai, later indicating through subsequent tweets that the entity had been dissolved in July 2018.

While “CZ” refrained from providing any explanations about the nature of Binance’s activities in Shanghai, it was content to point out that the news is false and falls within the FUD news.

Instead of apologizing to the community for the fake news of the non-existent “police raid”, which has damaged our reputation, and $ btc Price, TheBlock is now trying to argue if there’s an office, if CZ has a meeting… who cares?

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Own and apologize for your mistake.

– CZ Binance (@cz_binance) November 23, 2019

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