{"id":554,"date":"2026-02-07T11:59:15","date_gmt":"2026-02-07T11:59:15","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=554"},"modified":"2026-02-07T11:59:15","modified_gmt":"2026-02-07T11:59:15","slug":"czs-poor-again-tweet-sparks-backlash-as-binance-faces-criticism","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/07\/czs-poor-again-tweet-sparks-backlash-as-binance-faces-criticism\/","title":{"rendered":"CZ\u2019s \u2018Poor Again\u2019 Tweet Sparks Backlash as Binance Faces Criticism"},"content":{"rendered":"\n
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Binance founder Changpeng \u201cCZ\u201d Zhao drew widespread attention on Monday after tweeting \u201cPoor again\u201d following Bitcoin\u2019s drop to $60,000 in early Asian trading on Friday. The comment came amid broader controversy over Binance\u2019s role in recent market turbulence, including a sharp sell-off that briefly pushed Bitcoin below $75,000.<\/p>\n\n\n\n

The tweet quickly triggered strong reactions from investors, reflecting ongoing frustration in the retail community. Crypto commentator Nebraskangooner responded sharply, saying, \u201cYou dumped the market, and now you\u2019re mocking everyone for being poor? Weird flex.\u201d The comment captured the sentiment of many retail traders who suffered losses amid speculation that Binance may have influenced the market decline.<\/p>\n\n\n\n

Earlier this week, CZ addressed allegations he called \u201cpretty imaginative FUD,\u201d denying claims that Binance sold $1 billion in Bitcoin to trigger the sell-off or that he single-handedly \u201ccanceled the crypto supercycle.\u201d He clarified that Binance wallet balances reflect user deposits and withdrawals rather than proprietary trading and explained that conversions of the exchange\u2019s SAFU fund from stablecoins to Bitcoin would occur gradually over 30 days. CZ also joked that if he could control the crypto supercycle, he would be \u201csnapping his fingers all day long.\u201d<\/p>\n\n\n\n

Despite his explanations, Nebraskangooner\u2019s response highlights the tension between retail investors and large exchanges. Many community members also pointed to Binance\u2019s alleged role in last year\u2019s October 10 crash, which wiped out billions in leveraged positions. Industry peers, including OKX founder Star Xu, publicly criticized Binance following the event.<\/p>\n\n\n\n

Separately, CZ exposed a long-running misinformation campaign against him and Binance involving a fake account named \u201cWei \u5a01 BNB.\u201d The account, which had 863,000 followers and used images from a BNB Chain event, initially appeared supportive but posted critical content about the exchange. CZ revealed that photos of him and Binance executive Yi He were altered, and one image featured a shirt he does not own. He also noted that the account\u2019s history indicated it had been hacked or sold, originally posting unrelated female content before switching to crypto posts in 2015. CZ described the campaign as \u201clazy\u201d and suggested it was likely orchestrated by a competitor more focused on undermining Binance than building their own business.<\/p>\n\n\n\n

The episode underscores ongoing scrutiny of Binance and CZ, as well as persistent retail frustration over market volatility and the perceived influence of major exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance founder Changpeng \u201cCZ\u201d Zhao drew widespread attention on Monday after tweeting \u201cPoor again\u201d following Bitcoin\u2019s drop to $60,000 in early Asian trading on Friday. The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-554","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=554"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/554\/revisions"}],"predecessor-version":[{"id":556,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/554\/revisions\/556"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}