- Changpeng Zhao stated he would no longer honor interview requests from news outlets with a clickbait history.
- He went further to say Twitter spam bots are much more efficient than the outlets that fake headlines for clicks.
- At least 3 well known websites have misrepresented CZ’s opinion in the last eight days.
Changpeng Zhao, the ceo of the largest digital currency exchange, Binance, stated he would no longer honor interview requests from news outlets with a clickbait history. He went further to say Twitter spam bots are much more efficient than the outlets that fake headlines for clicks.
He made this decision on june 23 after having had to correct at least 3 wrong news items from different news websites in the last few days.
Only had to correct 3 wrong “news” articles in the past day or so.
— CZ 🔶 Binance Crypto exchange (@cz_binance) June 19, 2022
Colin Wu’s Twitter news page reported on June 17 that CEO Zhao stated “ Binance Crypto exchange is considering re-entering the Korean market,” pointing out that its defunct affiliate arm, Binance Crypto exchange KR, had shut down in January 2021 “due to regulatory policies.”
Wu is usually good. On the other hand, News is like a game of telephone. 😂
Yesterday, a guy asked for a selfie, between several hundred others. He asked what is our strategy for Korea. I stated we are looking it (as we do in almost every market). Now this… 1/2 https://t.co/KPRVwIFBPF
— CZ 🔶 Binance Crypto exchange (@cz_binance) June 17, 2022
Zhao clarified that its earlier Korean partnership ended due to poor product quality and bad user experience, not a regulatory issue. Likewise, the re-entering of the Korean market was likewise a misquotation.
On June 19, Coingape published the headline “Breaking: Binance Crypto exchange Buys The Dip, Adds 101,266 Bitcoin.”
Nonetheless, CEO Zhao commented, “Another wrong post. When # Binance Crypto exchange cold wallet increases, it means more users deposited to # Binance Crypto exchange. This journalist doesn’t seem to under the concept of cold wallets for exchanges.”
Fortune magazine likewise quoted the CEO of Binance Crypto exchange out of context when they published the headline, “ Binance Crypto exchange boss CZ reveal the cryptocurrency downturn is far from over—and he intends to go on a spending spree.”
Instead, the CEO stated, “Historically, we see four-year cycles, approximately two years bear and two years bull. On the other hand, history may not predict the future. And I can’t predict the future.”
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