Changpeng Zhao, CEO of Binance, has attributed the recent decline in the crypto market to the spread of false information, commonly known as FUD (Fear, Uncertainty, and Doubt). Zhao highlighted that panic was fueled by incorrect reports, such as claims that Alpha was not listing certain tokens and misleading headlines like 'BlackRock sells BTC,' which should have been 'BlackRock clients sell BTC.' Zhao emphasized the detrimental effects of FUD on market stability and urged users to adopt decentralized self-custody wallets for managing their crypto assets. He advocated for self-custody as a means to maintain control and security over digital assets, especially in volatile market conditions.