Binance (BNB) CEO Changpeng Zhao (CZ) may have accidentally acknowledged his involvement in the management of CoinMarketCap, which was recently purchased in his last post.

Going on the footsteps of Elon Musk?

"This ranking is extremely biased to web traffic and it's not 100 percent accurate, but it's better than before. We'll keep repeating."

If Zhao did not interfere with CMC's administrative decisions, including the configuration of various measures, the following question awakens in mind: Why does the Binance CEO make otherwise statements? This post is at least putting pressure on CMC management.

This is reminiscent of a blunder that Elon Musk made on Twitter and got his head in trouble with the SEC. Though Binance is the country of its founding hidden and possibly off-shore will protect it from regulators, it will not protect it from loss of reputation.

Conflict of interest
Binance's acquisition of CMC has caused concern from the very beginning. Many people were likely to have a conflict of interest. But Binance has promised the community that the two organizations will remain independent from each other:

“No Binance employees, including CZ, will have control over CoinMarketCap's ranking algorithm or listing processes. Crypto assets that want to be listed on CoinMarketCap will have to follow the steps in our listing policy and will be evaluated fairly and independently on their merits. ”