Former Binance CEO Changpeng Zhao has interacted with or adopted a minimum of 4 sketchy crypto accounts on X, considered one of which faked the sum they obtained from Binance as a part of its $400 million restoration plan.
It thanked Binance and Zhao for the funds and stated, “still people will fud,” an acronym for concern, uncertainty and doubt that Zhao usually references when confronted with criticism.
Binance created the restoration fund to assist customers affected by October’s $600 billion crypto crash. The alternate promised to pay some customers a most of $6,000, 5 occasions lower than the quantity Cryptobullmaker was claiming.
The unique engagement publish.
As such, the publish was flagged by X’s group word system, which identified the discrepancy between the account’s claimed refund and Binance’s coverage.
The previous Binance head was additionally caught by crypto sleuth ZachXBT following a crypto scammer who has reportedly modified their identify a minimum of 31 occasions.
The scammer account later blocked ZachXBT, and Zhao thanked the researcher for the heads up.
‘A total lack of honor’
The faux Binance funding publish peeved CEO of peer-to-peer crypto buying and selling platform NoOnes, Ray Youssef, who claimed that there’s a “total lack of honor” from Zhao and Binance.
Earlier than NoOnes, Youssef was the CEO of Paxful and supported the “Built With Bitcoin Foundation,” an initiative that donated funds to assist construct colleges.
He claims that Zhao approached Paxful with a deal that may see it change into an onramp for Binance.
Youssef criticized Binance in Could for its alleged lack of charity work in Africa.
He believed Zhao needed to purchase Paxful, and thought that since he’s “super rich,” he would have the ability to spare a “few million” to assist construct some colleges.
He stated, “I had already built 12 and I wanted us to build a 100 together.”
Nonetheless, after studying he didn’t donate “a single satoshi,” he stated, “I refused his offer to buy Paxful and cancelled the deal.”
Zhao is bigging up the ‘worst people in crypto’
Zhao has additionally been known as out by crypto investigator Dethective for amplifying a number of the “worst people in crypto.”
He inadvertently helped a “known grifter” pump the value of a memecoin that they’d purchased minutes earlier. All it took was asking on X if the token was actual and the value went skyward.
Good issues taking place on #SCI69000
> A giant account shills it on his channels
> Dumps every thing
> Buys once more a couple of seconds earlier than CZ’s tweet
> Makes $430k
> Concludes with a “told you so”
The story and the deal with 🧵 pic.twitter.com/fWS9egPtYb
— dethective (@dethective) October 10, 2025
The crypto dealer was flagged by ZachXBT as having a historical past of grifting and was uncovered for being behind a rug pull in 2023.
Zhao was additionally known as out for participating with one other account that repeatedly shills “$80K mcap scams every day.”
