Changpeng Zhao fires back on X, says traders must own their risk, not blame Binance
Changpeng Zhao uses X to slam scapegoating, telling traders to own their risk as Bitcoin, Ethereum and BNB prices slide across the market.
- Changpeng Zhao says critics “make stuff up” about Binance and must “take responsibility” for their own trades.
- He argues compliance flags and police cases, not social media outrage, decide when funds are frozen or released.
- Community voices frame the backlash as noise while BTC, ETH and BNB trade lower, testing sentiment around Binance’s ecosystem.
Binance’s co‑founder is done playing scapegoat. On X, Changpeng “CZ” Zhao fired back at critics, insisting that users—and the media—have to stop outsourcing responsibility for their trades.
CZ’s message: stop blaming Binance
“Not saying we are perfect, but at this point, smart people actually triple check any negative ‘news’ on Binance. They are just making stuff up,” CZ wrote on X, adding that “words like ‘blame’ are designed to only attract people who are unwilling to take responsibility for their own actions.” The post, viewed more than 36,000 times within hours, directly challenges a familiar reflex in crypto: when prices fall, blame the exchange.
He doubled down in replies. To a user complaining that Tether’s Paolo Ardoino should “unfreeze my wallet,” CZ replied, “I don’t know any details of your case with USDT of course… I’d imagine your funds was somehow related to a police case, or it was flagged (hopefully incorrectly) by some AML tool. Give it some time, it should be resolved properly.” The subtext is brutal: enforcement flags and compliance tools—not Twitter outrage—decide when funds move.
Community reaction: consolidation under pressure
Supporters framed the storm as a stress test the Binance ecosystem can absorb. “Nothing is perfect anyway. Frustration needs a target. They pick the number 1. And ‘quadruple check’ negative comments is a must,” wrote user @Spigg1115. Another BNB community account argued, “It would be better if everyone spent their time building a stronger, higher-quality crypto world that can reach all 8 billion people on this planet. They are wasting their time for nothing.” As one trader put it bluntly: “Red candles bring creative headlines.”
Price tape: reality check in numbers
While the blame game rages, the market is delivering its own verdict. Bitcoin (BTC) trades around $70,096, down about 0.63% over the last 24 hours and roughly 27.4% below its level a year ago. Ethereum (ETH) changes hands near $2,104, slipping about 2% over the same period. Binance’s own BNB (BNB) token is priced around $636, with a 24‑hour range between roughly $617 and $645 and recent highs above $640.
