Rumors regarding a Red Notice request issued to the International Criminal Police Organization (Interpol) for crypto founder Changpeng Zhao "CZ" have been gaining traction over the past few days causing a decline in the prices of the Binance BNB token and the crypto market as a whole. However, the exchange's spokesperson clarified that the rumor is false. CZ is facing a civil enforcement action from the US Commodities Futures Trading Commission (CFTC) since last month.

Interpol's Red Notice is a request made to law enforcement worldwide regarding the location and arrest of a person. However, since the Binance spokesperson has confirmed that this notice did not apply to CZ, there is no reason to believe the false rumors and succumb to FUD.

Many within the crypto community have experience similar situations earlier as well. During the early days of blockchain, projects like Ethereum and Ripple had also been rumoured to have Red Notices to their names. But as the case is with the current situation, such rumors have been proven to have no basis and have eventually been cleared.

Often, the spread of such rumors has more to do with certain parties' vested interests rather than actual events, whether its part of a "pump and dump" scheme or simply some malicious attempt to destabilize the market. As such, crypto traders should take every story with a grain of salt and validate its accuracy through well established sources.

Binance and CZ have faced a tough time due to the civil enforcement action from the CFTC. It's understandable if traders have a cause to be concerned but baseless false rumors have no role to play in the equation.



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