Crypto Traders Turn on Binance & CZ Again — Here’s Why
Crypto traders and social-media users, especially on X (formerly Twitter), have reignited criticism against Binance and its former CEO Changpeng “CZ” Zhao. The backlash is loud, emotional, and spreading fast.
Many traders are blaming Binance for heavy losses after new token listings, claiming some projects pump briefly and then crash hard — leaving retail traders stuck holding the bag. Screenshots of tokens down 80–95% are circulating widely on X.
The anger grew after CZ’s recent comments about “buy and hold” strategies, which some traders took as tone-deaf during a brutal market phase. Critics argue that long-term holding doesn’t work for low-quality or highly speculative tokens.
Adding fuel to the fire are allegations of insider advantage, poor listing standards, and lack of transparency — claims Binance strongly denies. CZ has dismissed much of the criticism as FUD and says his comments were personal opinions, not financial advice.
For now, the crypto community is split:
Some see this as unfair blame during a market downturn, while others say it’s a wake-up call for exchanges to improve trust, vetting, and communication.
The backlash reflects rising frustration, not just with Binance — but with the entire crypto market cycle.
