Did CZ Really scam the Market?

[Decimetre]

I was going through an X post made by Changpeng Zhao known as CZ the binance CEO regarding the current hack where he stated that the SAFU funds has now completely taken care of the losses incurred sure to the recent hacks that took over $6B out of the Exchange. In this post https://x.com/cz_binance/status/2120944565448548658 which he perhaps expected to get some praises for his swift action to mitigate the acclaimed losses due to the hack.

Against his thoughts of getting some praises, it seems that he was busted already for having a hand in the recent market crash for his selfish interests through a calculated internal hack. Many crypto geniuses are attacking him already for what they described as scamming the market. Some of the comments here and more in the comment section says it all.



What do you think, did CZ actually scam the market?

[Oshosondy]

They should provide proves instead of just saying what nobody know if it is true.

Bitcoin was crashing as the stock market was crashing. Also it is possible for bitcoin to fall back to less than $70000 as short term holders or swing traders are taking their profit.

It may be true what they are saying, but I do not buy that until they provide proves.

[Decimetre]

They should provide proves instead of just saying what nobody know if it is true.

Bitcoin was crashing as the stock market was crashing. Also it is possible for bitcoin to fall back to less than $70000 as short term holders or swing traders are taking their profit.

It may be true what they are saying, but I do not buy that until they provide proves.

Same here. I never wanted to buy this Idea of a baseless accusation especially as this same hack has been happening to other exchanges though Binance hack became the largest of them all. Perhaps it's true, then we're doomed if someone can actually come up with such an internally orchestrated scam for selfish interests.

But if you check this comment here, I think that CZ has the opportunity to clear the air on this.



Binance is too reputed for this act and if actually he has no such dent, then he could perhaps publish his balance sheet for proper transparency.

[Jubilee58]

They should provide proves instead of just saying what nobody know if it is true.

Bitcoin was crashing as the stock market was crashing. Also it is possible for bitcoin to fall back to less than $70000 as short term holders or swing traders are taking their profit.

It may be true what they are saying, but I do not buy that until they provide proves.

It think people should not accept accusations to be true based on mere allegation, for people to believe, every accusation should be backed with real evidence.

Scammers have been hacking exchanges, and even in this very year 2026 many exchanges have been hacked, and as for binance too, this is not the first time it is happening. However, when an exchange is hacked they loose money, and some exchanges with no sufficient financial reserve even get liquidated.
Also, when a cryptocurrency exchange faces scammers attack, as they loose money, investors confidence are reduced , and can equally affect their reputation. So I doubt why someone would know this, and still go ahead to commit such a devastating crime when he is fully aware of the negative impact of such action.

[Livingleged]

I was going through an X post made by Changpeng Zhao known as CZ the binance CEO regarding the current hack where he stated that the SAFU funds has now completely taken care of the losses incurred sure to the recent hacks that took over $6B out of the Exchange. In this post

SAFU funds have curb the losses incurred from the hack, but they suddenly hiked the withdrawal charges from $1.5 to $4. Let not believe this people the recovery was basically at our expense. We help them recover those funds from our money as Binance is know to be one of the biggest crypto exchange right now, I guess we all noticed that from the day withdrawal resumed after the incident.