Former Binance CEO Changpeng Zhao has interacted with or adopted no less than 4 sketchy crypto accounts on X, certainly 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 mentioned, “still people will fud,” an acronym for concern, uncertainty and doubt that Zhao typically references when confronted with criticism.
Binance created the restoration fund to assist customers affected by October’s $600 billion crypto crash. The change promised to pay some customers a most of $6,000, 5 occasions lower than the quantity Cryptobullmaker was claiming.
The unique engagement put up.
As such, the put up was flagged by X’s neighborhood observe 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 title no less than 31 occasions.
The scammer account later blocked ZachXBT, and Zhao thanked the researcher for the heads up.
‘A total lack of honor’
The pretend Binance funding put up 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 might see it develop into an onramp for Binance.
Youssef criticized Binance in Might for its alleged lack of charity work in Africa.
He believed Zhao wished 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 mentioned, “I had already built 12 and I wanted us to build a 100 together.”
Nevertheless, after studying he didn’t donate “a single satoshi,” he mentioned, “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 few 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
> An enormous account shills it on his channels> Dumps every little thing> Buys once more just a few seconds earlier than CZ’s tweet> Makes $430k> Concludes with a “told you so”
The story and the handle 🧵 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 partaking with one other account that repeatedly shills “$80K mcap scams every day.”
