Changpeng Zhao calls SwanDesk CEO's claim 'fake'

Binance founder Changpeng Zhao has refuted a claim by SwanDesk CEO Jacob King that Zhao threatened him with legal action. King had previously alleged that Zhao sent him a direct message threatening a lawsuit over a post in which King suggested Binance was secretly insolvent. King added that this was not the behavior of a secure exchange. In response, Zhao called the claim "fake" and stated that he does not know King at all. He noted that even accounts with over 500,000 followers are spreading blatant lies and warned that people who cannot distinguish fake messages created with Photoshop or AI "will live in poverty." He urged his followers to ignore such false information.