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Binance CEO responds to launchpool accusations, discusses crypto scams

In a recent Ask Me Anything (AMA) session, Binance CEO Richard Teng addressed allegations of misusing Launchpool funds, denied the claims, and reassured users of the company's commitment to user protection and fairness. Teng also shared updates on Binance's efforts against crypto scams, including preventing $2.4 billion of fraudulent activity and collaborating with law enforcement to recover stolen funds. Additionally, he discussed the HBO documentary on Bitcoin's creator, expressing his belief that the real Satoshi prefers to remain anonymous. Teng emphasized Binance's commitment to fostering a vibrant crypto ecosystem in Nigeria and shared an update on the efforts to secure the release of a Binance employee detained in the country.

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