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CZ Binance Bashes Crypto News Outlet ‘The Block’ for Spreading FUD

Fri, 11/22/2019 - 13:00
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Yuri Molchan
CZ goes at ‘The Block’ crypto media outlet for writing FUD about Binance and for publicly defending their fake news
CZ Binance Bashes Crypto News Outlet ‘The Block’ for Spreading FUD
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Today, the chief executive of the Binance exchange, CZ, commented on the article published by The Block on November 21, in which the author wrote that the Chinese authorities had shut down Binance’s office in Shanghai. The article states:

“Binance’s Shanghai office, which once hosted some of the exchange's top executives, abruptly closed its doors in recent weeks, forcing employees to either work remotely or relocate to Singapore, several sources close to the matter told The Block. 

According to sources, the cryptocurrency exchange’s Shanghai office was recently raided by local police. Sources said many of Binance's executives along with as many as 100 other employees worked at the office.”

CZ criticizes spreading FUD in the crypto sphere

CZ says that Binance did not have an office in Shanghai or anywhere in China, accusing The Block of spreading FUD.

The Block responded that despite the official reaction from CZ, they trust their sources and insist that their report was accurate.

The community is getting angry

This brought a whole wave of indignation against the aforementioned news outlet. Many on Twitter are suggesting blocking The Block (making a pun on the outlet’s name).

Block the Block
Image by Twitter

New Bitcoin Crackdown: China Witch-Hunting Any Provider of Crypto Transactions to Locals

Justin Sun, CZ eager to donate to fighting against FUD

CZ suggests that crypto startups when raising funds for their projects, leave some money to fight with FUD spreading. Tron CEO Justin Sun has supported CZ, saying he is prepared to donate 100 BTC for that purpose. CZ says he is willing to donate that much too.

CZ Justin Sun donations against FUD
Image by Twitter
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at