Luo Yonghao denies involvement in, promotion of, or endorsement of any cryptocurrency projects; Binance Wallet has blocked the Meme coin with the same name.

CoinFeed reported on May 16th that Luo Yonghao issued a statement on the X platform, stating, "I have never participated in, promoted, or endorsed any cryptocurrency projects. All accounts using my name, avatar, or image are fake; please do not believe any related investment information." Previously, Luo Yonghao had called out CZ (China's financial commentator), claiming that a cryptocurrency named "Luo Yonghao" was using his image as a logo and appeared in the Binance wallet tab, demanding that Binance remove it or provide a formal complaint channel for removal. Subsequently, Binance wallet has blocked the Meme coin with the same name, and it is no longer searchable.