Listen to the article
Crypto Billionaire CZ Dismisses Sydney Sweeney Dating Rumors, Warns About Misinformation
Former Binance CEO Changpeng Zhao has publicly refuted viral claims that he is dating “Euphoria” actress Sydney Sweeney, dismissing the rumors as completely fabricated and using the opportunity to highlight the dangers of online misinformation.
The speculation began when an account on X (formerly Twitter) posted side-by-side photos of the cryptocurrency entrepreneur and the Hollywood actress, suggesting they were romantically involved. The post quickly gained traction, accumulating hundreds of likes and reposts before Zhao addressed it.
“Poor Sydney Sweeney. Never met her. I don’t socialize much,” Zhao wrote in his response on X. The crypto mogul, widely known as CZ, went beyond simply denying the rumors to deliver a broader message about critical thinking in the digital age.
“Figuring out what ‘news’ to not believe in is becoming harder, but you will be richer if you can,” he added, highlighting the financial risks that can come from acting on unverified information, particularly in volatile markets like cryptocurrency.
The incident underscores the ongoing challenge of misinformation in the digital asset space, where rumors can spread instantaneously and potentially affect market sentiment. Cryptocurrency markets are notoriously reactive to social media trends and celebrity mentions, making them particularly vulnerable to manipulation through false information.
Industry analysts note that Zhao’s warning carries special significance given his prominent position in the crypto world. As co-founder of Binance, one of the world’s largest cryptocurrency exchanges, his statements and actions have historically had measurable effects on market movements.
“The cryptocurrency space is especially susceptible to rumor-driven volatility,” explains Maya Richardson, a digital asset analyst at Global Market Insights. “When high-profile figures like CZ are involved in viral stories—even false ones—it can create unnecessary market fluctuations that hurt everyday investors.”
Ironically, Zhao himself has not been immune to sharing unverified information. He recently amplified claims about Elon Musk’s X platform potentially introducing in-app cryptocurrency trading features, which have not been officially confirmed. He has also previously warned followers against investing in meme coins created in response to his casual social media posts, acknowledging the outsized influence his comments can have.
BNB, the native token of the Binance exchange that Zhao founded, showed no significant price movement related to the dating rumor controversy, trading around $944 with a modest 0.4% gain over 24 hours at the time of reporting.
Sydney Sweeney, whose star has risen dramatically following her performances in hit shows like “Euphoria” and “The White Lotus,” has not publicly acknowledged either the rumors or Zhao’s denial. The 26-year-old actress has generally kept her personal life relatively private despite increasing media attention.
The incident highlights the growing challenge of navigating information in the social media age, where verification often lags behind viral spread. For cryptocurrency investors in particular, the ability to distinguish between credible information and baseless rumors can have direct financial consequences.
Industry experts recommend that crypto investors establish reliable information sources and verification practices before making trading decisions based on social media trends or celebrity-related news.
“This kind of situation perfectly illustrates why due diligence matters in crypto more than almost any other investment space,” notes Richardson. “The line between legitimate news and social media fabrication continues to blur, and that creates real financial risk.”
Fact Checker
Verify the accuracy of this article using The Disinformation Commission analysis and real-time sources.
9 Comments
It’s unfortunate that Sydney Sweeney has been dragged into this. Celebrities deserve privacy, and CZ seems to genuinely want to protect her from unwarranted attention and speculation.
Agreed, it’s not fair for her to be caught up in these kinds of rumors. CZ is handling this situation responsibly.
Crypto markets are already so volatile – the last thing they need is more uncertainty from unfounded rumors. CZ is right to emphasize the importance of critical thinking and fact-checking in the digital age.
While the original rumors were clearly false, I appreciate CZ taking the time to address them directly. Transparency and clear communication from industry leaders helps build trust.
I appreciate CZ taking the time to clarify and set the record straight. Celebrity gossip often gets out of hand, and it’s important for public figures to push back on false narratives, especially when they could affect markets.
Interesting to see CZ address these rumors directly. It’s good he’s using his platform to caution against the spread of misinformation, which can have real financial impacts in the crypto space.
CZ’s comments highlight how quickly misinformation can spread online, even about high-profile figures. His message about being cautious with unverified news is an important one for the crypto community.
Yes, the speed at which rumors can gain traction is concerning. CZ is right to use his platform to promote digital literacy and critical thinking.
This situation underscores the need for responsible reporting and fact-checking, especially when it comes to sensitive topics like celebrity relationships and crypto markets. CZ is setting a good example.