{"id":531305,"date":"2022-12-25T22:12:15","date_gmt":"2022-12-25T19:12:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cz-addresses-reasons-behind-binances-recent-fud\/"},"modified":"2022-12-25T22:12:15","modified_gmt":"2022-12-25T19:12:15","slug":"cz-addresses-reasons-behind-binances-recent-fud","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cz-addresses-reasons-behind-binances-recent-fud\/","title":{"rendered":"# CZ addresses reasons behind Binance&#8217;s recent FUD"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a360d334e078\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a360d334e078\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/cz-addresses-reasons-behind-binances-recent-fud\/#%E2%80%9D_CZ_addresses_reasons_behind_Binances_recent_FUD_%E2%80%9C\" >&#8221; CZ addresses reasons behind Binance&#8217;s recent FUD &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_CZ_addresses_reasons_behind_Binances_recent_FUD_%E2%80%9C\"><\/span>&#8221; CZ addresses reasons behind Binance&#8217;s recent FUD &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvNGVmN2RmMzMtMzZkNC00NjMyLWEyOTMtMzIzZDdhYzkzZjA4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71d2d00b>Binance CEO Changpeng &#8220;CZ&#8221; Zhao took to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on Dec. 23 to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1606435376163323904\">share<\/a> his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange.<\/p>\n<p>According to CZ in the thread, Binance&#8217;s FUD is primarily caused by external factors &#8211; not by the exchange itself.<\/p>\n<p>One of the reasons mentioned by the CEO was that part of the crypto community hates centralization. &#8220;Regardless if a CEX helps with crypto adoption at a faster rate, they just hate CEX,&#8221; he noted. <\/p>\n<p>CZ also pointed out that Binance has been seen as competition by many industry players, with increasingly lobbying against the exchange and &#8220;loaning sums of money to small media that\u2019s worth many times the media outlet&#8217;s market value, including buying their CEOs houses, etc.&#8221;, referring to The Block&#8217;s CEO, Mike McCaffrey, who secretly financed the crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> platform with loans from Alameda Research.<\/p>\n<p>McCaffrey stepped down as CEO on Dec. 9, after disclosing two loans totaling $27 million from the hedge fund part of FTX Group. <\/p>\n<p><strong><em>Related: Binance joins lobbying group as criticism of the exchange ramps up<\/em><\/strong><\/p>\n<p>CZ repeatedly cited media outlets&#8217; coverage as the cause of FUD, accusing some of being &#8220;paid&#8221; to produce it &#8211; without providing any evidence.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">4\/ Per above, some media gets paid to FUD us. Some are entirely \u201cowned\u201d by a &#8220;competitor&#8221;. Some may wrongly think that we cut off their funding sources (we didn\u2019t, they failed on their own), and blame us, regardless of how illegitimate their funding sources may have been.<\/p>\n<p>\u2014 CZ  Binance (@cz_binance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1606435384656904193?ref_src=twsrc%5Etfw\">December 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Further, the executive noted that conservative politicians working to protect traditional financial institutions from crypto disruption were also spreading misinformation. CZ stated that &#8220;being conservative is not wrong&#8221;, but banks should embrace blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> rather than fighting against disruption.\u00a0<\/p>\n<p>Finally, CZ also claimed that there may be a &#8220;tiny number of people who are jealous, or just plain racist against Chinese-looking Canadians&#8221; contributing to the spread of FUD against the exchange. <\/p>\n<p>Investors have been moving their crypto assets to self-custody and other exchanges in response to the FUD surrounding Binance since the downfall of FTX. A number of concerns regarding the exchange&#8217;s liquidity, its reserves, and ongoing investigations in the United States resulted in billions in outflows in the past weeks.<\/p>\n<p>On Dec. 22, Binance also published a blog post in Chinese addressing seven key issues the company intended to clarify, Cointelegraph reported.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cz-addresses-reasons-behind-binance-s-recent-fud\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; CZ addresses reasons behind Binance&#8217;s recent FUD &#8220; Binance CEO Changpeng &#8220;CZ&#8221; Zhao took to Twitter on Dec. 23 to share his perspective on the reasons behind the recent fear, uncertainty, and doubt (FUD) surrounding the crypto exchange. According to CZ in the thread, Binance&#8217;s FUD is primarily caused by external factors &#8211; not&#8230;<\/p>\n","protected":false},"author":1,"featured_media":531306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/4ef7df33-36d4-4632-a293-323d7ac93f08.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,77672,74860,131770,117],"class_list":["post-531305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-changpeng-zhao","tag-cryptocurrency-exchange","tag-fud","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=531305"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/531305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/531306"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=531305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=531305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=531305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}