Binance founder Changpeng Zhao, commonly known as “CZ,” has taken a swipe at critics on social media, reposting a criticism of Semafor by Elon Musk from all the way back in November 2022. He also shared news of a cyber hack that his exchange supposedly had thwarted.

Given reports of pending fraud charges against CZ and Binance, CZ’s latest attention-getting public gestures seem highly questionable. And, possibly, a diversionary tactic in the face of mounting fear, uncertainty, and doubt (FUD).

Binance Founder Takes a Swipe at the Media

CZ has reposted an Elon Musk criticism of Semafor from November 23, 2022. In the post, Musk derided the media company for being owned by Sam Bankman-Fried, the former FTX CEO, calling Semafor’s reporting on the disgraced crypto founder a conflict of interest.

A Semafor article on Wednesday had called attention to the possibility that US prosecutors may bring fraud charges against CZ and Binance. Clearly, the purpose of CZ’s tweet was to cast doubt on Semafor’s credibility.

But since that Musk tweet from last year, Semafor has replaced Bankman-Fried’s funding with new backers. These include Henry Kravis, a founder of the private equity firm KKR, and Jerry Yang, a Yahoo founder.

Sticking to the theme of the day, Zhao also called out reporting by CoinDesk. The article had detailed reports of a possible closure of Binance.US—the American sister company to the main Binance exchange. 

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Author: Josh Adams

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