Former Binance CEO, Changpeng Zhao’s new e book has apparently not gone down too properly with OKX CEO Xu Mingxing after it claimed he was chargeable for the arrest of Houbi’s founder Li Lin in 2025.
Freedom of Cash, which launched at present in numerous international locations, recounts Zhao’s life rising up in China, his Binance journey, and his experiences with Terra and FTX.
In a single part, he detailed how he attended a banquet with Li in 2025 after 11 years aside.
“Li Lin told me he’d seen a screenshot showing Xu Mingxing personally reporting him to Chinese police; it was that report that led to his arrest,” wrote Zhao.
The e book notes that Li was arrested on November 28, 2020. Nevertheless, particulars have been saved underneath wraps on the time, and even stories from months later have been unsure.
Xu has claimed, nonetheless, that the e book’s characterization of occasions is “purely false information.”
After spending 4 months in jail, he continues to make false statements to the world. All I can say is: a ordinary liar by no means adjustments their nature.
These falsehoods embrace his historical past of becoming a member of and leaving OKCoin, the contract dispute with Roger Ver, whether or not he personally… https://t.co/6Qru8cocok
— Star_OKX (@star_okx) April 8, 2026
One in all Xu’s many statements in response to Zhao’s new e book.
He stated that within the Asian Crypto business, any founder or platform will course of massive quantities of stories, and that “this industry would have ceased to exist long ago” if stories influenced each “outcome.”
“Huobi’s Mr. Li has very high emotional intelligence and has managed all sorts of people around him well over the years; he shouldn’t believe this kind of nonsense that defies common sense,” Xu stated.
Xu went on to assert that Zhao’s e book makes additional falsehoods together with, “the history of joining and leaving OKCoin, the contract dispute with Roger Ver, whether [Zhao] personally manipulated the market, whether [Zhao] acted as a tainted witness to report Justin Sun during the investigation, [Zhao’s] own marital status, and so on.”
The exec expanded on the contract dispute whereas Zhao was at OKCoin (OKX’s former identify), and the way the Binance founder allegedly cast paperwork associated to a Bitcoin.com settlement with Roger Ver.
CZ claimed these accusations put immense stress on his skilled popularity and denied the allegations in his e book.
OKX CEO referenced Binance’s compliance firings
Xu’s publish mentioning these allegations was made alongside an article from Bloomberg, which stories that Binance’s Chief Compliance Officer, Noah Perlman, is planning to stop inside the subsequent two years.
The article additionally particulars additional Binance compliance workers departures. This, alongside stories that Binance fired compliance workers trying into Iranian-linked transactions, has raised doubts concerning the firm’s dedication to its 2023 plea deal.
Regardless, Xu has used the Bloomberg piece to emphasise his mistrust for Zhao.
“After spending four months in prison, he continues to make false statements to the world. All I can say is: a habitual liar never changes their nature,” Xu stated.
Zhao, however, has been busy selling his e book on-line and hasn’t addressed Xu’s feedback. It hasn’t been fully clean crusing although, as his private quantity appeared identifiable inside the textual content.
Zhao distanced himself from the quantity and claimed that he hadn’t used it for years, including that it has a brand new proprietor who’s in all probability “a hacker or the hat uncle.” He warned readers to not add the quantity to their contacts.
