CZ of Binance keeps landing in the middle of crypto’s biggest crises:
• FTX collapse (2022): Binance held a large FTT bag from its 2021 exit. CZ’s public announcement that Binance would dump it accelerated the bank run that exposed SBF’s misuse of customer funds. (FTX was already insolvent; the tweet sped up the reveal.)
• 10/10 crash (Oct 10, 2025): Record ~$19B liquidations. Macro shock + leverage was the main driver, but Binance had platform issues (USDe briefly depegged to ~$0.65 on its books due to oracle/liquidity problems). Critics blamed Binance for making it worse; CZ called those claims “far-fetched.” Binance paid out hundreds of millions in compensation.
• Trump pardon (Oct 2025): CZ pleaded guilty in 2023 to AML failures at Binance (platform used by criminals, including for terrorism/drugs), served 4 months. Trump pardoned him after Binance developed ties to the Trump family’s World Liberty Financial crypto venture. Trump claimed he “didn’t know who he is.” Critics called it pay-to-play.
• Yesterday’s hack (Oct 29, 2026): Record ~$6.3B drained from Binance hot wallets in ~20 minutes (North Korean TraderTraitor group strongly suspected). ~$3B frozen. CZ (shareholder, not CEO) said it looks like a hack, user funds are safe, and expects full coverage from SAFU + company reserves.
Three major events. Same name attached. Pattern or just the cost of being the biggest?
Asked grok to do a write up on CZ being involved in the biggest crypto crisis situations and this is what it came up with . Can we stop pretending this guy does so much good?
Literally, any time he posts something bullish the markets tanks and he has his finger in the middle of everything that has gone wrong with the industry the last 5 years. Then we get fed lie after lie because he keeps getting away with it.
Lemme know your thoughts but karma at some point will clap back.