Changpeng “CZ” Zhao, the former CEO of Binance, has as soon as but again publicly distanced himself from the rapidly-rising TST token. CZ and the BNB Chain crew denying possession of the token looks no longer to have had any set on its upward trajectory.
Nonetheless, a web plot and genuine Twitter fable created for the TST token appear to be utilizing the Binance impress. That’s why CZ took to his X fable to elaborate that BNB Chain did no longer have a hand in increasing the salvage plot or social media accounts.
CZ distances himself from the TST token
The TST token in the initiating won mainstream attention in the cryptocurrency crew after a BNB chain crew member created an tutorial video to illustrate customers the design to inaugurate memecoins on the four.meme platform.
The TST token changed into created as a demonstration asset for the video and changed into no longer supposed for public trading. Nonetheless, following the video’s liberate, the token skilled a huge surge in market capitalization, reaching approximately $41M sooner than stabilizing at about $10M.
The BNB crew has deleted the TST tutorial video and CZ clarified that the token changed into never an genuine mission of Binance or the BNB Chain crew.
Lookonchain reported that an early purchaser of the TST token is on the 2nd sitting on a $2M revenue on their funding.
Changpeng Zhao took to X (formerly Twitter) to elaborate as soon as extra that he has no involvement with the TST token. His submit changed into made in Chinese as the discussions surrounding the token seem to be extra prevalent in the Chinese market, the build it in the initiating won popularity.
My affect changed into that TST changed into primarily talked about in the Chinese communities. 🙏
I also intent to submit in all languages I know in the destroy. AI translate is magnificent easy now for readers.
— CZ 🔶 BNB (@cz_binance) February 8, 2025
CZ’s assertion on X followed the discovery that the TST token now has an genuine web plot and social media fable on X carrying the Binance impress.
“I proper heard that TST already has a web plot and an X fable. As far as I know, neither of them is made or controlled by BNB Chain or any Binance-connected crew. It is controlled by any individual in the crew. I don’t know who it’s far,” CZ clarified.
CZ warns about copyright infringement
CZ’s submit on X no longer finest distanced him and the Binance crew from the token, it also warned the crew on the relieve of the TST token to cease exploiting the “connection” to Binance and misleading the crew. “They venerable Binance’s impress without authorization. Here’s an infringement and needs to be changed.”
CZ went extra to reveal that he for my fragment has no longer invested in the TST token as he does no longer buy memecoins. “Love any meme coins, I if fact be told have never sold and attain no longer hang TST. Now it’s far a in point of fact crew habits. Please provide protection to your self and be to blame to your hang actions.”
Neighborhood-pushed tokens have a tendency to be organically created and propelled by crew hype and enthusiasm. While this decentralized means can foster innovation, it also poses particular dangers to merchants and to significant producers in the crypto industry.
These projects typically waste use of unauthorized branding in provide an explanation for to feign legitimacy and manufacture belief from merchants. An example is the Hackathon G-AI that venerable Solana’s impress without authorization to feign endorsement.
The identical looks to be occurring with the newly emerged TST token and Binance.
