Changpeng Zhao has pushed back against critics on X, saying traders must take responsibility for their own decisions rather than blaming Binance as crypto prices slide.
“Not saying we are perfect, but at this point, smart people actually triple check any negative ‘news’ on Binance,”
Zhao wrote, adding that critics “make stuff up” and use blame to avoid accountability.
Zhao also said that compliance tools and law enforcement, not social media pressure, determine when funds are frozen or released, responding to complaints about wallet restrictions.
Community members defended Binance, framing the backlash as noise that tends to emerge during market downturns rather than evidence of systemic problems.
The comments came as Bitcoin traded near $70,000, down about 27% year on year, while Ethereum and Binance’s BNB token also moved lower.
Market participants said falling prices often intensify scrutiny of major exchanges, with frustration seeking a focal point during periods of volatility.
The exchange of views underscores ongoing tension between traders and platforms as the market tests sentiment across Binance’s ecosystem.
At the time of reporting, Bitcoin price was $68,653.87.