Crypto Twitter has as soon as once more revived its dissatisfaction with Binance and its former CEO, months after the change allegedly brought on a market downturn with its memorable October 10 liquidation occasion.
Over the previous 5 days, Zhao Changpeng has been labeled as a “fraud” and “worse than SBF” on a number of social media platforms. Binance’s former CEO believes the assault was pushed by worry, uncertainty, and doubt (FUD), however there isn’t a doubt that retail merchants are annoyed just by the truth that the market has not recovered from what occurred final October.
CZ got here below fireplace for saying ‘purchase and maintain’ is one of the best funding technique
It began over the weekend when Zhao posted a message on X through which he argued that almost all buying and selling methods cannot beat easy buy-and-hold methods. Within the eyes of the crypto neighborhood, his statements utterly ignore present actuality.
It isn’t the primary time, and it will not be the final.
We have been below FUD assaults since day one. We’ll tackle this in tonight’s AMA and discover under the floor why and the way.
Whereas our (self-perceived) “rivals” are us, we proceed to construct and develop. 💪 https://t.co/g7bil6w5Mh
— CZ 🔶 $BNB (@cz_binance) January 30, 2026
In line with CoinGecko, Bitcoin has fallen a whopping 25% previously three months and is presently buying and selling at $82,000. October tenth was the final day the coin traded above $120,000.
Moreover, in accordance with the worth chart of tokens listed on Binance in 2025 and 2026, greater than 90% of the 221 Alpha-listed initiatives are nicely under their post-listing excessive worth. This sense of disconnect has led merchants to lose confidence in Binance’s listings and Zhao’s statements.
“CZ I held all of the tokens listed on Binance final 12 months. Please advise,” one dealer wrote, mocking the previous Binance head’s recommendation.
Zhao addressed the criticism in a follow-up put up on Thursday, boasting that “FUD has not harmed its targets” and that “his supporters have elevated.” He went on to say that FUD is harming your entire crypto market, claiming that neither he nor Binance bought giant quantities of tokens.
“I/Binance is just not promoting any significant amount of cash. My sale = After I swipe my card, I promote $5 price of $BNB Converts/sends to espresso store. I not run Binance, however from what I do know, Binance solely converts a portion of its income into paying bills. They’re huge on-line hoarders,” he mentioned. defined.
Chao additionally mentioned that Binance is below the scrutiny of regulators all over the world, who can assessment each transaction in each account. “Do not get me flawed, use your power for constructive enhancements for your self,” the Binance co-founder concluded.
OKX founder and Cathie Wooden blame Binance for 10/10 woes
“Individuals underestimated the impression of the ten/0 incident,” OKX founder Star Xu wrote on Wednesday, including that it “brought on actual and lasting injury to the trade.” The market capitalization of cryptocurrencies has fallen by greater than 20% for the reason that finish, dropping to roughly $3.2 trillion on the time of this writing.
Binance reported that it paid roughly $283 million in compensation arising from the de-pegging incident and associated points. The corporate mentioned that probably the most severe technical issues occurred after costs had already bottomed out, and extra funds have been deliberate for confirmed losses.
Nonetheless, Xu believes that Binance brought on the volatility by supporting revenue takers, insider buying and selling, and Ponzi crypto schemes. Though he didn’t point out any names in his criticism, it was clear to Crypto Twitter that Binance was the platform he was speaking about.
“Some select to pursue short-term income, launching Ponzi-like schemes, amplifying the ‘get wealthy fast’ narratives of some, straight or not directly manipulating the costs of low-quality tokens, and drawing hundreds of thousands of customers into belongings carefully tied to them. This turns into a shortcut to draw site visitors and person consideration,” the OKX founder claimed.
In a latest interview with Fox Enterprise, ARK Make investments CEO Cathie Wooden Reconsidering the chaos of October tenth. Wooden mentioned the ecosystem has been coping with the aftershocks of a pressured deleveraging occasion over the previous few months.
Cathie Wooden: The worst is probably going over for Bitcoin
Kathy defined it very clearly, saying that the previous couple of months have principally been an aftershock of the October tenth flash crash, a software program glitch at Binance that pressured them to deleverage round $28 billion throughout cryptocurrencies. Bitcoin was probably the most tough… pic.twitter.com/iOuLCzOHaG
— CryptosRus (@CryptosR_Us) January 27, 2026
She estimated that the rollback wiped $28 billion from the trade and linked the episode to Binance’s technical issues. “What occurred on October tenth within the crypto world… a flash crash associated to a software program glitch in Binance that diminished the leverage of the system?” she speculated.
In a now-deleted X put up, Binance CEO Yi He echoed Wooden’s sentiments, saying, “Cathie Wooden is just not a person of Binance. We don’t serve people or entities in the USA. No offense meant.”
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