On Feb. 24, 2020, the Binance CEO, Changpeng Zhao (CZ) took to Twitter to indirectly advise his followers against investing in Bitcoin SV (BSV) or any other scheme from the self-acclaimed satoshi, Dr Craig Wright (CSW).
CZ also called out Wright a fraud and told his followers that any sort of investment in the fraud would never end well.
The Binance CEO illustrated how intense he was about his criticism of CSW by linking to another post he made a week ago, regarding the FCoin scam. He then went on to claim that in mid-2018, he had warned that Fcoin was a pyramid scheme which was destined to collapse.
CZ had clashed with self-proclaimed Bitcoin inventor, Craig S Wright when the world’s favourite “Faketoshi” threatened to sue Hodlonaut and others in the crypto-community for having the audacity to claim that he might not actually have invented BTC.
CZ delisted Wright’s token, BSV, over the matter, and added an unequivocal “Craig Wright is not Satoshi,” just for good measure.
The quarrel between the two seemed to have ended. However, Wright seems reluctant to add an enemy with the resources of CZ to his list of individuals to sue.
Then this morning, without warning, came a glaring warning from CZ about the BSV inventor.
Crypto Community Offers Mixed Reactions to the Binance CEO
CZ’s declaration on twitter wasn’t received well by some crypto community members, particularly those who seem to support the BSV project led by Craig Wright. The BSV twitter channel reacted by claiming:
“BSV up 192%, best performing coin, all the patents, scales more than anything else plus we got Satoshi Nakamoto on BitcoinSV.”
Some comments even turned the tables around on the Binance CEO, calling him out as a fraud himself. They referred to occurrences such as Binance not having offices anywhere to the exchange shutting down during BTC price crashes.
For instance, one twitter user reacted:
“Binance; Zero Patents, Zero Understanding Of BitCoin, Unknown Office Locations, Lies About A Hack, Closes Exchange When The Market Crashes. Yet CZ Has The Audacity To Call CSW A Fraud???’’
CZ Got It Right with FCoin
Based on calling out Fcoin earlier before now, CZ seems to be accurate about his then predictions about the platform being an exit scam.
Just recently, the team behind Fcoin, in a tell-all blog post, notified its users that the platform would be shutting down and wouldn’t be able to refund its users.
The amount users lost was around 7,000 BTC which is approximately $125M.Following the incident, Tron Founder, Justin Sun sent his regret for the deplorable event and offered Fcoin customers 1000 BTT to register on Poloniex.