A leaked note that CZ sent to Binance staff says the exchange will defend itself against 'desperate' Chinese competitors
June 16, 2020, 1:35PM EDT · 2 min read
- In an internal note obtained by The Block, Binance CEO Changpeng Zhao (CZ) lashed out at unnamed Chinese competitors and accused them of “trying to attack” the exchange
- Binance will defend itself, CZ told employees in the note
In an internal note sent out today and obtained by The Block, Binance CEO Changpeng Zhao (CZ) lashed out at unnamed Chinese competitors, accused them of "trying to attack" the exchange, and told the company's employees that Binance will defend itself.
The note, whose authenticity was confirmed by multiple Binance employees, was written in both English and Chinese. It starts by stating that Binance's Chinese competitors "are desperately trying to attack us, using unprofessional methods."
CZ goes on to accuse competitors of launching a distributed denial-of-service (DDoS) attack on Binance's system, rallying fake Binance users to protest against the exchange, spreading "fake news" about the company, and organizing people to report Binance at local police stations.
Binance's rivalry against other Chinese exchanges including Huobi and OKEx is not new. Both on social media and in private group chats, Binance CMO Yi He has claimed multiple times that Binance's competitors are trying to undermine the exchange by spreading fake news and paying some media to publish unfavorable reports.
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