Suddenly, there is a new wave of outrage against Binance, and honestly, IT'S A COMPLETE NONSENSE! 🤦
People on X are claiming that CZ and Binance are responsible for the October 10 market crash.
Some are even saying Binance caused the dump and manipulated the market narrativeand It's ABSOLUTELY FALSE !!!...THIS ASSUMPTIONS ARE ABSOLUTELY DELUSIONAL...
TODAY I'm debunking the false assumptions and Writing Why Binance is absolutely innocent and has nothing to do with this crash: 👇
1. CZ Is No Longer the CEO of Binance :
First and most basic fact people keep ignoring: CZ is not the CEO of Binance anymore. Binance has been operating under Richard Teng as CEO for quite some time now. Blaming CZ for current market movements shows a complete lack of understanding of Binance’s leadership structure.
2. Binance Did Not “Cause” the Market Crash :
Crypto markets do not move because of one exchange or one individual. Market crashes happen due to macroeconomic factors, liquidity cycles, leverage, fear, and global sentiment. Blaming Binance for a market-wide dump is the same as blaming a stock exchange for a recession. It does not work that way.
3. Binance Has Accelerated Crypto Adoption MORE THAN ANYONE ELSE ! :
Binance is one of the biggest reasons crypto reached the general public.
1.Easy onboarding
2.Massive liquidity
3.Global access
4.Educational tools
Without Binance, crypto adoption would be significantly slower. That is known by everyone!
4. Binance Does Not Control the Market or the Narrative :
I was reading posts on X and They're all blaming CZ and Binance, That's ridiculous!! CZ always told us to #HODL not gamble! Binance does not control Bitcoin, altcoins, or the overall market direction. What CZ or any Binance executive says does not dictate global markets.
Crypto prices depend on global liquidity, economic policy, interest rates, risk appetite, and trader behavior, not tweets or interviews.
5. Binance Is One of the Safest and Most Used Exchanges :
Binance remains one of the most trusted and widely used crypto exchanges in the world...Millions of users rely on it daily for trading, investing, and earning...That level of adoption does not come from manipulation. It comes from reliability.
6. Binance Provides the best Opportunities but Not Guarantees :
Binance offers hundreds of legitimate ways to earn, trade, and invest. If someone over-leverages, gambles, or trades emotionally and loses money, that responsibility lies with the individual. Losses caused by poor risk management are not Binance’s fault.
7. The Blame Narrative Is Pure Noise :
Blaming Binance for crashes is pure speculation with no factual backing.
Real traders understand this:
1.Binance did not crash the market
2.Binance did not control the cycle
3.Binance did not deceive users
8. Personal POV :
I'm trading in all the platforms and In My Experience BINANCE IS THE BEST out of all
Furthermore, Binance remains one of the most authentic and impactful platforms in the crypto ecosystem and has played a major role in making crypto what it is today.
So Support Binance and Support the growth in the Crypto ecosystem...We're grateful that such a exchange exists!
(It's all my opinion I'm not affiliated with any Binance official members)
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#Binance #BinanceSquareFamily #debunk #BINANCIANS! #SupportCZ @币安广场 @CZ @Richard Teng @BNB_Chain