Changpeng Zhao – CEO of Binance – dismissed the speculation that the popular TV personality Jim Cramer declared his approval of the largest cryptocurrency exchange. 

Some crypto proponents joked that this is actually good news for the trading venue, considering Cramer’s controversial statements and predictions in the past. The host of CNBC’s “Mad Money” has given his prognosis to investors multiple times, but often that has turned wrong.

Binance is ‘Saved’

The cryptocurrency community was baffled yesterday (September 5) when several X (Twitter) users hinted that Jim Cramer is bullish on Binance and is “loading up” on BNB tokens. Some individuals jokingly forecasted a grim future for the exchange since the TV personality is famous for his controversial predictions. 

One example is his advice to people to purchase stocks of Silicon Valley Bank in February this year. The financial institution collapsed a month later, intensifying the overall banking crisis in America. 

X user going by the name “Crypto Busy” clarified that Cramer’s statement on Binance and its native token is fake. He explained that the screenshot of “Mad Money’s” host is from September 2022, where he talks about Treasuries. CNBC has also not uploaded such a video where Cramer praises the crypto exchange and its boss – Changpeng Zhao (also known as CZ). 

The latter retweeted Crypto Busy’s revelation, urging his followers not to trust a “photoshopped image.” Expectedly, he concluded his post with the number “4” – a signature he uses to urge individuals to ignore media propaganda and misleading information.