Changpeng Zhao weighs in on QMMM exit scam allegations

Binance founder Changpeng Zhao has commented on recent exit scam allegations against BTC strategy investment firm QMMM, stressing that it should be mandatory for companies using digital asset treasury (DAT) strategies to utilize third-party custody and account setups. The controversy surrounds QMMM, whose stock price surged 2000% in one month after it announced plans to purchase $100 million in cryptocurrencies, including BTC, sparking allegations of market manipulation. Subsequently, some Chinese media outlets reported that the firm's Hong Kong office was empty, fueling the exit scam suspicions.