CZ pushes back against Binance ‘FUD’ as blame game for crypto crash persists
Binance co-founder Changpeng “CZ” Zhao took to social media on Monday to counter a series of allegations he called “pretty imaginative FUD” aimed at himself and his former exchange as the main culprit for the dismal crypto price action.
FUD — short for “fear, uncertainty, and doubt” — is a term widely used in crypto to describe the spread of false, misleading or exaggerated information that sows panic in the market. It has also been used to dismiss criticisms, even legitimate ones, that might affect companies.
In a Monday X post, CZ addressed several narratives: speculation that Binance dumped bitcoin to trigger this weekend’s selloff below $75,000, concerns over the company not moving funds to the Secure Asset Fund…
