CZ Defends Binance Amid Ongoing Crypto Market Controversy

CZ addresses concerns surrounding Binance's involvement in the recent crypto crash, countering misinformation and defending the exchange.

In a recent post, Changpeng Zhao, also known as CZ, the co-founder of Binance, has taken a stand against what he describes as fear, uncertainty, and doubt (FUD) aimed at the exchange. This comes in light of the heightened examination regarding Binance's purported impact on the flash crash experienced in the cryptocurrency market in October.

As the crypto community grapples with the aftermath of the sudden market downturn, accusations have surfaced suggesting that Binance played a significant role in triggering the event. CZ, however, insists that such claims are unfounded, aiming to reassure users and investors that the exchange remains stable and trustworthy.