Changpeng Zhao’s Cryptic Tweet: What Does 'Remember 4' Mean?

The Mystery Behind Zhao's Tweet

Changpeng Zhao, CEO of Binance, recently posted a cryptic tweet that read "Remember 4," causing a stir among his followers. This enigmatic message is believed to reference a previous tweet where Zhao outlined four key points for 2023, the fourth being to ignore FUD, fake news, and attacks. This could be a strategic call for Binance supporters to disregard negative rumors and news currently surrounding the company.

Recent Challenges for Binance

Binance has faced several challenges recently, beginning with the New York Department of Financial Services' directive to Paxos Trust Co. to cease issuing Binance's BUSD token. This decision has fueled speculation and criticism regarding Binance and its stablecoin, BUSD. Allegations have surfaced about insufficient reserves backing the crypto asset, causing significant controversy.

Market Reactions and Consequences

Following regulatory pressure, Paxos severed its relationship with Binance, leading to further market volatility. Coinbase's decision to delist BUSD compounded the situation, resulting in a decline in its market capitalization to $9.5 billion. These events have intensified scrutiny and debate around Binance's operations and its regulatory compliance.

Zhao’s Possible Response to Allegations

Zhao's mysterious tweet might also be a response to recent reports, including claims from the Wall Street Journal about Binance's strategies to handle U.S. regulatory challenges. These reports suggest that Binance had plans to mitigate potential legal actions from U.S. authorities, adding another layer of complexity to the ongoing narrative.

The tweet "Remember 4" seems to be Zhao's subtle way of addressing these multifaceted issues, encouraging the Binance community to remain focused amidst the surrounding noise.