Binance CEO CZ Now Targets This Exchange: Don’t blame others!

Cryptocurrency exchange Kraken was targeted by Binance CEO CZ after it announced that it was reducing its staff by 30%. CZ soon deleted the post on the subject.

of FTX made one of the first touches to trigger its bankruptcy. Binance CEO on CZ’s new target Kraken there was. Kraken’s employees 30% of After the news spread that he was going to lay off Twitter Posting on CZ, CZ made a statement saying “beware of such exchanges” and then deleted this post.

In response to the downturn in the crypto market, Kraken announced on Wednesday that its global staff 30% of so about It will lay off 1,100 people. told.

In his post, which anonymously targeted Kraken, CZ made the following statements:

Beware of these platforms. The first is those who promise high interest earnings. The second is those that come to the fore with layoffs. If you don’t manage risk now, don’t blame others for the consequences.

After this shared post, many comments and reactions came. Users accusing CZ of undermining the industry He stated that layoffs are normal for many companies and that it is wrong to talk about a company that is among the founders of the crypto money industry. In response to these comments, CZ said:

I’m not saying that layoffs are definitely a problem. I just talked about risk management principles. Also, a founding company does not mean risk-free. Anyway, I’m not against Kraken or anything. I’m just saying. Your criticism is also acceptable.”

This isn’t CZ’s first post deletion. Referring to the connection between Coinbase and Genesis and the Bitcoin assets of the exchanges in the past days, the CEO deleted his post due to the reactions and “misunderstandings”.

source site-9