- Users speculate he is referring to a post he had made earlier, wherein he mentions four points going into 2023.
- “Ignore FUD, fake news, attacks, etc.,” is the fourth point in Zhao’s old post.
Changpeng Zhao, the founder and CEO of Binance, posted a cryptic message on Twitter, sending both his fans and haters hurtling, helter-skelter. The message, which reads “Remember 4,” has garnered a flurry of comments, with several users speculating that the tweet refers to a post Zhao had written earlier.
In a tweet posted earlier last week, Zhao mentioned his list of Do’s and Don’ts to keep 2023 simple. Among education, compliance and product and service, fourth on this list was ignoring FUD (Fear, Uncertainty and Doubt), fake news, attacks, etc. This latter-mentioned point, users believe, could be the Number 4 that Zhao refers to. The CEO, through this puzzling tweet, could be telling the users of Binance and his supporters to ignore the FUD and other malicious news that has been going around about Binance right now.
Binance has had a rough couple of weeks, which could be traced back to the New York Department of Financial Services ordering Paxos Trust Co., which issues and lists Binance’s dollar-pegged cryptocurrency, to stop creating more of its BUSD token. This was followed by waves of conjectures and slander about the BUSD issuer and Binance.
According to Attorney Collins Belton, the real motivation behind the New York regulator’s attack on Paxos was BUSD — its alleged instances of insufficient reserves to fully back the crypto asset. This crackdown on Binance did not stop here. Shortly after this incident, Paxos cut all ties with Binance. A few days later, Coinbase announced the delisting of BUSD and the flagship stablecoin’s market capitalization tumbled to $9.5 billion.
The latest attack is from WSJ. In a report published yesterday, it states: Worried about the threat of prosecution, Binance set out on a plan to neutralize U.S. authorities, according to messages and documents from 2018 to 2020 reviewed by The Wall Street Journal as well as interviews with former employees. Zhao could be responding to these allegations through this two-word Tweet.