Advertisement
AD

Main navigation

Advertisement
Advertisement

Ex-Binance CZ Breaks Silence on New Bitcoin ATH: "Blame Yourself"

Advertisement
Tue, 12/11/2024 - 15:30
Ex-Binance CZ Breaks Silence on New Bitcoin ATH: "Blame Yourself"
Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

Changpeng Zhao widely known to the cryptocurrency community as CZ, co-founder and former chief executive of the largest crypto trading platform Binance, has taken to his account on the X platform to address those who did not believe in Bitcoin’s future or took Bitcoin skeptics’ public advice.

CZ mentions Bitcoin skeptics as BTC hits new ATH

Earlier today, the global flagship cryptocurrency Bitcoin soared to establish a new all-time high, hitting the $89,956 level. This price mark was reached as a result of a nearly 10% increase over the last day.

In his tweet, Changpeng Zhao shared a link to the “Database of notable Bitcoin skeptics” called “Bitcoin is dead”.

“If you believed any of these guys, then ... blame yourself,” the former Binance boss tweeted.

Advertisement

Founder of CryptoQuant Ki Young Ju reminded CZ of his earlier tweet in the comments – in 2019, CZ tweeted: “Slap yourself, if you sold $BTC under $10,000.”

On Saturday, CZ also commented the BTC high reached on that day, which was $77,252. Back then, Zhao issued a warning that investors and hodlers should “control their greed.” He said that in the near future BTC is likely to demonstrate multiple new highs and setbacks, advising the community to “apply proper risk management.”

It is important to be able to handle those future highs and lows. “Don’t put all your eggs in one basket,” he said.

Related

FTX sues Binance and CZ for $1.8 billion

As reported on Monday, the non-functional crypto exchange FTX and its current management team have filed a lawsuit against Binance and Changpeng Zhao. The suit was initiated in the hope to claw back $1.8 billion from Binance and CZ which, FTX alleges, “was fraudulently transferred by Sam Bankman-Fried,” according to Bloomberg.

CZ and several other Binance executives received the transferred money as part of the repurchase deal with SMF in July 2021. That $1.8 billion transfer was obtained for selling roughly 20% of FTX’s international platform and 18.4% of FTX’s US-based branch. SBF paid for those stocks in a mix of FTT, BNB, and BUSD tokens. Since the filing claims that at that time FTX and its trading company Alameda Research were insolvent, the repurchase was fraudulent. Besides, FTX accuses CZ of posting misleading tweets about FTX before the latter collapsed in November 2022.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD