- Changpeng Zhao claims that a person who was spreading FUD about them was doing so out of spite because they were rejected from Binance Labs.
- Adam Cochran, who is known for sharing Binance FUD, pitched a project to Binance earlier but was rejected.
- Cochran responded to the allegations stating that Zhao and Binance repeatedly attack journalists.
Changpeng Zhao (CZ) the co-founder, and CEO of Binance, shared his opinion on the latest FUD on Binance. “I learned today that a guy who is constantly spreading FUD about @Binance was just because he pitched his project to Binance Labs and we didn’t invest. Feel really sad for him. I hope he eventually finds his way out of it, and actually focus on his own project,” said Zhao.
This was a response to Yi He, co-founder and chief customer service officer at Binance, where she shared a conversation from November 2022 between her and an anonymous person. In this interaction, the unidentified person asked about Binance Cloud Offering and Binance’s Venture Investment.
Many people in the comments mentioned Adam Cochran and asked if he was the anonymous person, “@adamscochran this you bro?”. Cochran is known for sharing scathing criticisms of Binance.
Cochran addressed CZ’s tweet and replied, “He’s not wrong. On a previous project, we did pitch Binance as there was not issues with them before.” He added that he went with a different business model and partners “that Binance would not have been a fit for.” He also mentioned how CZ and Binance shift directions when people “ask hard questions” about Binance. Cochran added:
“It’s the same game of attacks and intimidation that Binance has repeatedly used on journalists.”
Binance sued Forbes in 2022 for allegedly defaming them but dropped the case later on. Binance CEO filed a lawsuit in June 2022 against Bloomberg Businessweek’s Hong Kong publisher claiming defamation over a translated article title that described Zhao as running a “Ponzi scheme.”
Cochran added, “You can believe I’m mad at Binance for a project I pivoted from last year; that’s fine. Doesn’t change [that] their US CEO hasn’t tweeted in 5 months. Doesn’t change that their BCH wallets ran out of funds. Doesn’t change that Sun owned TUSD via shell companies. What it does tell you, is CZs scared. When you can’t challenge the facts, you challenge the person.”
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