🕯 @CZ says he doesn’t trade, but his companies do
CZ often says he doesn’t trade crypto himself. That’s because he doesn’t have to.
Merit Peak and Sigma Chain, both owned by CZ, have been documented moving billions of dollars of his personal capital. These firms operated as market makers with access regular users never had.
They reportedly had privileged access to non-public data inside Binance. That created a built-in informational advantage.
With that edge, they allegedly:
➡️ Engaged in large-scale wash trading
➡️ Actively traded against Binance users
➡️ Contributed to liquidations through aggressive positioning
➡️ Helped inflate reported trading volume
This isn’t about CZ placing spot trades. It’s about the exchange owner controlling opaque market-making entities that profit from activity on his own platform.
When the house owns the biggest liquidity players, neutrality doesn’t exist.