Changpeng Zhao, the co-founder of Binance known widely within the cryptocurrency community, recently addressed false rumors circulating on social media regarding a purported romantic connection between himself and actress Sydney Sweeney. The cryptocurrency entrepreneur took to his platform on Sunday to refute such reports, which he described unequivocally as "fake news."
In addition to denying any personal relationship with Sweeney, Zhao emphasized that he has not even met the actress. "Poor Sydney Sweeney. Never met her. I don’t socialize much," he explained, pointing to his typically low-profile social interactions. By distancing himself from this fabricated narrative, Zhao sought not only to correct misinformation but also to shine a light on a broader issue affecting online discourse.
The increasing incidence of unverified and false information spreading rapidly through social networks poses serious challenges, particularly for those navigating the volatile world of cryptocurrency trading. Zhao remarked on this growing trend, noting that distinguishing verified news from baseless gossip is becoming increasingly arduous. He encouraged his followers to cultivate this discernment, urging that traders "will be richer if you can" effectively filter out deceptive content.
Sydney Sweeney herself is a high-profile figure in the entertainment industry, recognized for her acclaimed performances in series such as "Euphoria" and the anthology "The White Lotus," roles that have garnered critical acclaim and Emmy nominations. Recently, she attracted further attention through her participation in American Eagle’s advertising campaign, "Sydney Sweeney Has Great Jeans," which was released in time for the 2025 Christmas shopping season and sparked substantial public discourse.
Interestingly, while Zhao has been clear in addressing this latest round of false information, he has previously been at the center of misinformation as well. Just last week, Zhao amplified an unconfirmed post regarding Elon Musk’s platform, X, purportedly introducing in-app cryptocurrency trading. Prior to this, he cautioned his followers against blindly investing in every new memecoin created in response to his social media activity, warning that such impulsive behavior could lead to financial loss.
From a market perspective, Binance’s native token, BNB, reflected some volatility amid these developments. At the time of the latest report, BNB was trading at $925.69, marking a 2.34% decline over the preceding 24 hours, according to data sourced from Benzinga Pro.