Changpeng Zhao refutes claim he threatened legal action over bankruptcy rumors

Binance founder Changpeng Zhao has refuted a claim by Swandesk CEO Jacob King that Zhao had threatened him with legal action. King had earlier alleged that Zhao sent him a direct message threatening a lawsuit after King posted that he believed Binance was secretly bankrupt, arguing that this was not the behavior of a secure exchange. In response, Zhao stated that King's claim is false. He noted that even accounts with over 500,000 followers are openly lying and said he does not know King at all. Zhao warned that people who cannot distinguish fake messages created with Photoshop or AI will remain poor, and he urged his followers to ignore such misinformation.