Binance's Founder, Changpeng Zhao (CZ), escalates insider dispute by involving BOOP in his public post.
In the world of cryptocurrency, things can get murky real quick. A tweet from Binance's founder, CZ, has sent shockwaves through the community, sparking speculation and fueling rumors.
The tweet, in response to a post by Vito, the founder of MetaEra and ND Labs, seemed to hint at a mysterious figure who allegedly abused Binance's ecosystem. Vito's post, dripping with sarcasm, narrated a tale of a founder who rose to fame through Binance, failed spectacularly with an overhyped Solana project, and then begged for support upon returning to Binance Chain. Vito labeled his story as "purely fictional."
CZ took this as an opportunity to spin his own yarn, stating, "There are also former employees who were fired by Binance for insider trading, who claimed to be the founder or CXO of something a few years later." He further clarified that Binance has never had any other C-level executives apart from the CEO, CTO, CMO, CCO, CFO, and COO.
Despite CZ's disclaimer, the crypto community jumped to conclusions, zeroing in on Dingaling, the NFT whale and founder of BoopFun. Some even went as far as suggesting Dingaling was the insider CZ mentioned, thanks to his profile claiming to be a former Binance CRO (Chief Risk Officer). This theory gained more traction when Binance announced a BOOP airdrop for users in their Alpha and Wallet ecosystem, shortly after the project shifted focus back to Binance following its initial launch on Solana.
However, both CZ and Vito insisted their tales were merely fictional, and Dingaling has yet to make any public statement regarding the matter. It's important to note that there's currently no concrete evidence linking Dingaling to insider trading or past connections with Binance.
Meanwhile, the crypto world buzzes with excitement over BoopFun's BOOP token listing on Binance Alpha. Could this be more than just a coincidence, or is it all just a wild conspiracy theory? Only time will tell.
Also Read: Binance Wallet Integrates Sonic, Announces S Token Airdrop
- The discussion surrounding NFT whale Dingaling, the founder of BoopFun, grew more intense on the Binance community, as some postulated Dingaling might be the insider trader mentioned by CZ, due to his claimed past role as a Binance CRO (Chief Risk Officer).
- Amidst the turbulence of the cryptocurrency business, many have pointed to the Web3 ecosystem as a factor in the speculation, as BoopFun initially launched on Solana before shifting its focus back to Binance following a BOOP airdrop announcement.
- CEO of Binance, CZ, engaged in a Twitter dialog with Vito, the founder of MetaEra and ND Labs, where CZ hinted at past employees who were dismissed for insider trading, later resurfacing as heads of other ventures, a situation that strangely resembles Dingaling's profile.
- Despite the theories circulating around cryptocurrency forums and finance blogs, both CZ and Vito maintain that their stories are entirely fictional, leaving the identity of the alleged insider trader unconfirmed.
- In the ever-evolving landscape of technology and finance,Binance, in collaboration with BoopFun, has announced the listing of BoopFun's BOOP token on Binance Alpha, fueling further debate about whether this development is a mere coincidence or the plot of an intricate conspiracy.
