Bitcoin Moghul Changpeng Zhao Defies Reputation and Gets Involved in Twitter Brawl
Chanpeng Zhao, the CEO of Binance used to enjoy the reputation of being friendly and easygoing along with the skyrocketing success of his cryptocurrency exchange. However, this persona may just be a sham. At least, onlookers to the Twitter exchanges Zhao had with reporters over the last weekend would testify so.
Bitwise Reports Majority of Spot Bitcoin Trading Value to be Fake
All of this noise started with Zhao rushing to defend accusations put forward by Bitwise reporters that 95% of all spot bitcoin trading volume is fake. In reply to Bitwise’s tweet, Zhao wrote ironically that most investors won’t have the patience to go over the detailed report shared.
Analyst Urges Zhao to Encourage Clean Industry Practices
Around the same time, the CEO to the crypto exchange was hauled up for not using his influence in the crypto space to call out on industry websites who seem to be promoting fake trading volume data by Larry Cernak – an analyst with TheBlock, a crypto news website.
In his defense, Zhao said that was not part of his job. However, he went on to accuse TheBlock of attacking him and his company.
Additionally, he managed to include the idea that since he had granted TheBlock several interviews in the past, he expected more positive coverage from them. It is true, TheBlock has, on several occasions, waxed eloquent about Zhao’s achievements. This doesn’t warrant the hyper-defensive behavior Zhao exhibited on the slightest note of criticism coming his way.
Cernak’s Colleague Steps In
Cernak’s colleague at TheBlock, Frank Chaparro, decided to step in at this point and pointed out Zhao’s responses as being a little too sensitive to received feedback. In the process, he also made a dig at the industry players, saying that they were, perhaps, too touchy about any negative criticism coming their way.
Not the First Media Outlet to Have Faced Zhao’s Wrath
Changpeng Zhao had made similar allegations against the crypto news website CCN.
Neither the Only Overly Sensitive Bitcoin Bull
Zhao has company in this space. Tom Lee, Fundstrat’s bitcoin cheerleader, is much the same when it comes to handling the scrutiny. Lee blocked the CCN reporter who scripted a story on Lee’s ongoing off-the-mark bitcoin price predictions. Now, if that isn’t touchy what is? As adults, we are supposed to be able to handle a certain amount of criticism and learn from it. The Bitcoin industry doesn’t seem to quite have adulted in those terms yet.
Andrej Burcev got into Crypto while completing his Bachelor of Science at Kingston University in London. Andrej now works as Senior Software Engineer. He is currently collaborating and writing articles for TheDailyCoins with his focus in innovative technology and its cultural and social influence.