Binance co-founder Changpeng Zhao, widely known as CZ, has pushed back against claims that he and Binance were to blame for recent crypto price declines. The response followed a sharp weekend sell-off that sent Bitcoin below $75,000 and revived criticism of major exchanges.
CZ described the allegations as “pretty imaginative FUD” and rejected claims that Binance’s actions drove the downturn. FUD stands for fear, uncertainty, and doubt, and often refers to misleading information that spreads panic in crypto markets. The term also appears in debates where critics and companies clash over accountability during volatile trading periods.
This latest exchange unfolded as traders sought explanations for weak price action across digital assets. CZ addressed the claims in a spread across social platforms. Some critics accused Binance of dumping Bitcoin, while others linked CZ’s past comments to broader market sentiment. The discussion quickly widened beyond retail traders, drawing responses from industry executives.
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