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Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’


cz, binanceCCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token.

Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted on BNB numbers.”

CZ then used that alleged incident to conclude that “the next generation will be Crypto Native.” It was also a humblebrag that Binance Coin (BNB) is gaining traction. Not surprisingly, many bitcoin fans clapped back.

Crypto Twitter: ‘This never happened’

One Twitter account nominated CZ for the “Dumbest Tweet of Crypto Twitter” today.

Congrats @cz_binance u have been nominated for Dumbest Tweet of Crypto Twitter Today🏵Had an interesting chat with a 14yr old Today. He refused to discuss numbers in USD, and insisted on Pokémon monster values instead. The next generation will catch them all🤷‍♂️ by @402PaymentReq pic.twitter.com/wceldmwMDP

— Dumbest Crypto Tweet Award (@DumbestTweetHub) August 17, 2019

Others on Crypto Twitter expressed disbelief that the incident ever happened.


— Crypto Angel 🌶 (@ltc_angel) August 17, 2019

This never happened. https://t.co/0n8gMtUcaJ

— Marc de Koning| KMD Maximalist (@Koning_Marc) August 17, 2019

Had an interesting interaction with a baby today. He refused to discuss numbers in USD, and insisted on #BNB numbers. The next generation will be #CryptoNative. pic.twitter.com/106wQ2TGqY

— Crypto Angel 🌶 (@ltc_angel) August 17, 2019

One person joked that “I found a leprechaun dancing in a pot of gold at the end of a rainbow this morning.”

😂😂 well I found a leprechaun dancing in a pot of gold at the end of a rainbow this morning https://t.co/l864M9JTvh

— Phinancial Philosopher (@Mixed__Money) August 17, 2019

One crypto fan bragged: “The first words of my kid were literally: “Binance Chain is essentially a digital asset creation and exchange platform.”

Another retorted that his kid said: “Binance is old news, and being a registered securities exchange is the future!”

My kid said “Binance is old news, being a reqistered securities exchange is the future!” my kid is correct of course. #NASH $NEX

— UncleG (@frikkenfrank) August 17, 2019

Several people joked that if CZ’s story had referenced bitcoin or even Ethereum, it might’ve been more credible.

ya know if this story pegged BTC or even ETH, it might have been even slightly believable. https://t.co/K7XUGprPA4

— Anish Agnihotri (@_anishagnihotri) August 17, 2019

For all the doubters, remember this kid?

I was a kid from Idaho then:

At 12 – Bought Bitcoin at $10
At 15 – Dropped out & Moved to SF
At 17 – Sold my first Startup
At 18 – Became the youngest Bitcoin Millionaire
At 19 – Built a real life Dr. Octopus Suit
At 20 – We launched a Satellite

I’m not even 21. Just wait.

— ERIK FINMAN (@erikfinman) June 10, 2019

A pretty good year for BNB

All jokes aside, Binance Coin is actually having a fairly good year so far. BNB’s price has gradually climbed over the past six months, and its trading volume enjoyed a healthy spike in May and June.

BNB fell this week, in tandem with the tumbling bitcoin price. However, in May, it was the most profitable cryptocurrency of the year at the time after scoring a sizzling 550% gain.

Binance Coin BNB priceBinance Coin’s price is rising steadily this year. | Source: WorldCoinIndex

BNB outperforms bitcoin

Last week, Binance Coin was an outlier when it outperformed bitcoin and other top cryptocurrencies by surging 11%. That spike occurred despite hackers claiming to have obtained personal data from the Binance exchange.

As CCN reported, a hacker claimed that he had accessed users’ personal data from the Binance exchange. The company immediately denied the allegations. The hacker then circulated know-your-customer (KYC) images on a Telegram group.

In response, Changpeng Zhao quickly fired back, calling the leaks “FUD” (fear, uncertainty, and doubt).

Don’t fall into the “KYC leak” FUD. We are investigating, will update shortly.

— CZ Binance (@cz_binance) August 7, 2019

In a statement, Binance shot down the rumors, saying it was merely an extortion attempt from a crazed hacker.

Binance also disputed the legitimacy of the images the hacker had shared online, citing the lack of proprietary watermarks. The exchange said the data probably came from a prior leak from earlier in the year that affected multiple crypto platforms.

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