Binance's founder Changpeng Zhao has publicly declared he does not own any Shiba Inu tokens after a viral post with a contradictory story emerged.
The post, which has stirred discussion across the crypto ecosystem, has triggered a quick reaction from CZ, clarifying the misconceptions that may have stemmed from the wrong information.
CZ does not own a SHIB
On Thursday, October 29, a social media post from a renowned crypto content creator drew the attention of crypto users after it asked CZ to confirm a story about his alleged Shiba Inu pet, Riki.
In response to the post, Binance's founder dismissed the claims for their ingenuity, stating that he has never owned a Shiba Inu and does not know who or what Riki is.
While CZ seemed displeased by the claims, he further mentioned that he generally avoids answering questions of such nature because they often contain too much misinformation to correct.
Fake SHIB endorsement?
Although the post suggested that CZ's supposed Shiba Inu had adapted to life in Tokyo faster than the Binance founder himself and had never needed to worry about rent, it appeared that the poster was not entirely certain about the truthfulness of the story either.
While the post asked whether the story was genuine and whether CZ could share an unknown fact about the alleged pet, CZ's response to the claims triggered mixed reactions among commentators.
Some have claimed that someone may have come up with the story to create a fake-endorsement pump for Shiba Inu. Nonetheless, the reason behind the false claims remains uncertain.
