On July 26, Binance CEO Changpeng Zhao (CZ) publicly refuted claims regarding his participation in a fundraising initiative aimed at establishing a BNB treasury reserve entity. A community member alleged that CZ holds a 28% stake in a publicly listed company linked to this fundraising effort, which reportedly concluded its seed round recently. However, the specific company involved was not disclosed. CZ categorically denied these assertions, labeling them as inaccurate. This clarification underscores the importance of verifying information within the cryptocurrency ecosystem, especially concerning high-profile figures and corporate financial activities.