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CZ Rebuts Fortune Story: Self-Contradictory and Sensationalist, Binance Only Upgrading Normal Talent

2026.02.14 10:03:55

**Binance Execs Push Back on Fortune’s Iran-Tied Transaction Report** On Feb 14, Binance founder Changpeng Zhao (CZ) hit back at a Fortune report on social media titled *“Binance Fires Investigator Who Revealed $1 Billion USDT Flow to Alleged Iran Fund.”* CZ stated: “I don’t know the specifics or parties involved, but the article itself is self-contradictory. This incident can be twisted to fit any narrative, no matter how it’s reported. If true, it also means third-party tools (used by law enforcement too) didn’t flag it either. Media can put a negative spin on anything by finding a ‘dissatisfied’ or bribed anonymous source to spread panic.” Binance CEO He Yi added that compliance officers handle all types of cases, emphasizing the exchange has long proactively launched criminal investigations, shared results with law enforcement, and helped users avoid potential fraud losses. She noted the firm needs to keep upgrading its compliance talent—achievements in the space stem from increased investment and higher standards. **Background** BlockBeats previously reported that, per Fortune, Binance recently fired multiple compliance investigators. Internal documents show these investigators had flagged that Iran-linked entities received over $1 billion via Binance between March 2024 and August 2025. The transactions involved stablecoin Tether (USDT) settled on the Tron network and could violate U.S. sanctions.
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Shrunk by 16x! FTX/Alameda to Sell 6.94 Million DRIFT through Wintermute

April 4: Per EmberCN monitoring, FTX/Alameda sold 6.94 million DRIFT tokens (valued at $320,000) via Wintermute six hours earlier—following a $285 million exploit on Drift Protocol. Alameda, an investor in Drift Protocol, received 8.33 million DRIFT through vesting one year ago, when the tokens were worth $6.22 million. By the day of the sale, their value had shrunk to $380,000.

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The current mainstream CEX, DEX funding rate indicates a weakening bearish sentiment in the market

On April 4, data from Coinglass shows that as Bitcoin trades within a narrow range, current funding rates across major centralized (CEX) and decentralized (DEX) exchanges indicate a slight easing of bearish sentiment in the market. Specific funding rate details are available in the attached image. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to keep perpetual contract prices aligned with underlying asset values. This mechanism facilitates fund transfers between long and short traders—exchanges do not collect the fee themselves. It adjusts the cost or profit of contract holders to maintain price parity between contracts and their underlying assets. A 0.01% funding rate acts as the baseline: rates above 0.01% signal generally bullish sentiment, while rates below 0.005% indicate a predominantly bearish outlook.

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