Binance Pushes Back Against Meme Coin Shilling Allegations

Binance is addressing concerns that its official social media posts are being leveraged by third parties to create and promote new meme coins, sometimes appearing just before the token launch. Following revelations, such as a token mirroring a Binance Futures tweet about a "yellow fruit," the exchange announced an internal review. However, Binance co-founder Yi He refuted claims of coordination, stating the company has no agreements with Key Opinion Leaders (KOLs) to seed token issuances. She explained that token creators are copying phrases from Binance posts to capitalize on social momentum, but the company cannot stop posting. Yi He stressed that Binance employees are barred from issuing or promoting cryptocurrencies. Former CEO Changpeng Zhao echoed this, confirming the team will continue tweeting normally and that any language used in corporate messaging should not be interpreted as an endorsement for any token, emphasizing the need to draw clear lines between corporate communication and the meme coin ecosystem.

(Source：BeInCrypto)