CZ criticizes spending to attack rival exchanges

Binance founder Changpeng Zhao stated that spending money to smear rival exchanges damages the credibility of the attacking exchange. In a post on X, Zhao emphasized that users cannot trust an exchange that operates unethically, noting that paying to attack competitors undermines the exchange's own credibility while providing the targeted platform with additional publicity. Zhao's comments were in response to influencer Ruslan Khairullin's claim that Binance and CZ offered 25000 dollars in February to have them smeared for a month, which was declined. Additionally, OKX founder Star Xu previously criticized Zhao, suggesting that Zhao was misrepresenting his voluntary compensation of approximately 800 million dollars to users affected by the crypto market crash on October 10 last year.

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