CZ’s ‘Poor Again’ Tweet Backfires: Nebraskangooner Slams Binance
CZ’s ‘Poor Again’ Tweet Backfires: Nebraskangooner Slams Binance
Bitcoin has lost more than 20% of its value in the last week alone due to market uncertainty.
Binance CEO Changpeng “CZ” Zhao generated a storm of reactions on Monday after tweeting “Poor again” following Bitcoin’s drop to $60,000 in early Asian trading hours on Friday.
The statement comes amid debate regarding Binance’s role in last weekend’s market volatility, which included a violent sell-off that briefly drove Bitcoin below $75,000.
Investors reacted strongly to CZ’s remark, highlighting retail frustration.
His answer matched the displeasure of regular investors who had incurred losses, while rumors arose that Binance may have impacted the market’s collapse.
Earlier this week, CZ responded to various allegations he branded as “pretty imaginative FUD,” denying that Binance sold $1 billion in Bitcoin to cause the sell-off and countering assertions that he single-handedly “canceled the crypto supercycle.”
He clarified that Binance’s wallet balances reflect customer deposits and withdrawals, not proprietary trading, and that the transfer of the exchange’s SAFU fund from stablecoins to Bitcoin would take place gradually over 30 days.
CZ also quipped that if he had control over the supercycle, he’d be “snapping his fingers all day long.” Regardless of these considerations, Nebraskangooner’s response highlights the continuous friction between small investors and major exchanges.
Several cryptocurrency community members also blamed Binance for last year’s October 10 crash, which resulted in the loss of billions of dollars in leveraged positions.
Following the event, industry colleagues like OKX founder Star Xu cast fingers at Binance.
Dismantling fake accounts.
The former Binance CEO finally shut down a long-running misinformation campaign against him and the exchange. The effort focused on a phony account called “Wei 威 BNB,” which acted as a dedicated supporter but shared critical content about Binance.
The account, which had 863,000 followers and featured photographs from a BNB Chain event, initially appeared real.
CZ, on the other hand, disclosed that images of himself and Binance CEO Yi He had been manipulated, with one image showing him wearing a shirt color he does not possess.
The account’s history also indicated that it had been hacked or sold, as it had previously only posted female photographs until abruptly moving to crypto content in 2015.
CZ described the campaign as “lazy” and speculated that it was likely launched by a competitor who was more concerned with harming Binance than with running their own business.
