CZ gave advice but he seemed to advertise Binance and Trust wallet.

[Catenaccio]

It is a tweet of Changpeng Zao aka CZ.
https://x.com/cz_binance/status/2081316675383910587

Tough times (again)! At least, it appears to be an orderly wind down where users can withdraw their assets.

Pro tip:

Self custody if you know how to keep your seedphrase safe (@trustwallet)

Or use the largest exchange (@binance) with staying power.

It is his post a reply to an announcement of Bitmart exchange closure.
https://x.com/BitMartExchange/status/2081197305491845201

Firstly, the advice to store cryptocurrency fund in non custodial wallets, with wallet seed phrase and private key control is a good advice.
Secondly, there are something bad from his advice.

Trust wallet is not a good wallet. It's close source.
See review on Trust wallet https://walletscrutiny.com/mobile/com.wallet.crypto.trustapp/

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

[Chibit01]

What he’s doing is promoting where some of his wealth comes from; he’s a businessman, and he uses every opportunity he has to market his business out there. Binance is still one of the biggest exchanges out there since it came to life. Even with their legal battles with many, they still rank high, but that does not mean one should choose a centralized exchange to store their coin; being one of the biggest still does not make it the safest. They also have a history of being hacked, just like some of the other crypto exchanges out there.

[Amphenomenon]

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

I have no issue about him promoting Binance he spoke about self custody showing how these can be worse but at least Binance is still a better CEX than many.

That aside, I'm not surprised he is trying to promote Trustwallet because he has done something similar before and I think it was about him teaching or enlightening others about non custodian wallet and then he was seeing users leaving his exchange and then start finding ways to make them remain.

I hope people can see the truth and lies here, Trust wallet is not a good example of a trusted non custodian wallet, hopefully they see people like this in as much as they want to stand for truth will find a way to bend things for profits.

[TryNinja]

He’s not supposed to advise people to use his products?

If someone is looking for or talking about no KYC services, or if I want to comment on a no KYC directory closing down, of course I’m going to say: “good time to use bitlist instead!” (My website).

There is nothing shameful about that.

[Oluwa-btc]

He’s not supposed to advise people to use his products?

If someone is looking for or talking about no KYC services, or if I want to comment on a no KYC directory closing down, of course I’m going to say: “good time to use bitlist instead!” (My website).

There is nothing shameful about that.

Yeah, I believe all he did was seize the moment and carry out a swift advertisement for binance even if he has always said he is no longer part of the binance. Nothing wrong with doing a quick one for them. Well, it is the reason why people and newbies should continually do their own research.

The newbies from Bitmart and BitMex will be looking for a new bus to jump on next. This is exactly where Trust wallet, binance and the hardware wallet he mentioned deep into the comment section. However, it is over for the newbies to do due diligence. Endless possibilities in the market, too many newbies and users of Bitmart and Bitmex exchange will see the pr and jump on the new train presented. In conclusion, Self Custody the goat!

[promise444c5]

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

So what you expect him to say? Everyone advertises what they have or own  whenever they get the opportunity ..

Doesn’t have to be a good or the best service, so far  they own it then he’s definitely speaking for it, it’s left to anyone reading or buying into it to do their own research..

Binance is one of the best exchange though and they own trustwallet aswell[not sure you are aware of that.. now you do ].
That’s the reason for such tweet regarding non custodial wallet.

[avp2306]

It is a tweet of Changpeng Zao aka CZ.
https://x.com/cz_binance/status/2081316675383910587

Tough times (again)! At least, it appears to be an orderly wind down where users can withdraw their assets.

Pro tip:

Self custody if you know how to keep your seedphrase safe (@trustwallet)

Or use the largest exchange (@binance) with staying power.

It is his post a reply to an announcement of Bitmart exchange closure.
https://x.com/BitMartExchange/status/2081197305491845201

Firstly, the advice to store cryptocurrency fund in non custodial wallets, with wallet seed phrase and private key control is a good advice.
Secondly, there are something bad from his advice.

Trust wallet is not a good wallet. It's close source.
See review on Trust wallet https://walletscrutiny.com/mobile/com.wallet.crypto.trustapp/

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

The advice is good towards self custody, but the defeating factor about what he said is pointing out Trust wallet since this is closed sourced which is actually risky.

I still remember those hacking incident happened with this wallet. So this is not good advice given by CZ and its so clear that they used that incident to promote this wallet and also Binance.

He maybe find good opportunity to compare those situation what happened to Bitmart, but I'm not buying it. Since what's better thing to do is to use open source wallets plus have an awareness of custodial risks.

[Die_empty]

Yeah, I believe all he did was seize the moment and carry out a swift advertisement for binance even if he has always said he is no longer part of the binance. Nothing wrong with doing a quick one for them. Well, it is the reason why people and newbies should continually do their own research.

Yeah, CZ has stepped down as the CEO of Binance. However, he still makes money from the exchange since he owns about a 90% stake in the company. You are right that he has every reason to promote his business.

He maybe find good opportunity to compare those situation what happened to Bitmart, but I'm not buying it. Since what's better thing to do is to use open source wallets plus have an awareness of custodial risks.

It not wrong to refer BitMart users to Binance since the former will wind down its operations on July 26, 2026. But deceiving people about Trust Wallet as a non-custodial wallet is where the problem lies.

[PostQuantumBTC]

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

You saw what happened when Binance was not given MiCA license? OKX talked bad about Binance and some exchanges tried to gain the attention so that Binance users can use their exchange, although what happened later was kind of different.

It is called marketing and it is not against the law but I can not use Trust wallet, it is one of the wallets that I can not use because it is close source and because the wallet can be annoying for bitcoin users.

[Justbillywitt]

Promoting Binance by the closure of Bitmart and BitMEX is not a neutral advice at all.

I have no issue about him promoting Binance he spoke about self custody showing how these can be worse but at least Binance is still a better CEX than many.

That aside, I'm not surprised he is trying to promote Trustwallet because he has done something similar before and I think it was about him teaching or enlightening others about non custodian wallet and then he was seeing users leaving his exchange and then start finding ways to make them remain.

I hope people can see the truth and lies here, Trust wallet is not a good example of a trusted non custodian wallet, hopefully they see people like this in as much as they want to stand for truth will find a way to bend things for profits.

there are people that have used trust wallet for years, and they don’t have issues with it. I have used trust wallet in my early years in crypto, I never had any problem with it. CZ is not a newbie in the crypto space and I believe he knows what he’s doing. I don’t think he will promote anything fraud or anything that will put people’s assets in danger, knowing the impact that will have on his reputation. You might not be a fan of trust wallet, that’s okay. But trust wallet is not a bad choice entirely to store some of our assets.