CZ Responds on X: Traders Should Manage Their Own Risk, Not Fault Binance

Changpeng Zhao, one of the founders of Binance, has to X to defend the world’s largest crypto platform amid growing criticism. As the prices of BTC, ETH, and BNB fell, traders and onlookers increasingly blamed Binance for frozen funds and other difficultys. This made Zhao stress the need to take personal responsibility for trading decisions.

The Market Downturn and Criticism: What Happened

The cryptocurrency market is under more pressure, with at about $70,096 (down 0.63% in the previous 24 hours and 27.4% lower than a year ago), ETH at about $2,104 (down 2% over the identical time period), and BNB at about $636 (up 0.8% but moving between $617 and $645). 

People have been complaining on X about these red candles, saying their wallets have frozen, like one involving , and asking Tether CEO Paolo Ardoino to “unfreeze my wallet.” Zhao specifically addressed these complaints, saying that blocked funds are usually due to compliance difficultys and not random actions by the platform.

CZ’s Direct Answer on X

Zhao on X, “Not saying we’re perfect, but at this point, smart people really do check any poor ‘news’ about Binance three times.” They are just lying. He went on to criticise the language, saying that “words like ‘blame’ are meant to only get people who don’t want to take responsibility for their own actions.”

Zhao responded to a specific user’s complaint about a frozen USDT wallet, “I don’t know any details of your case with USDT, of course…” I would guess that your money was either linked to a police case or identified by an AML program (hopefully incorrectly). It should be fixed in a few days.

The post got a lot of attention, with more than 36,000 views in only a few hours. It also backed up Zhao’s belief that platforms like Binance are closely watched by regulators, where tools or law enforcement typically set limits on how much money may be moved.

Community Reactions and assist

Most of the Binance community agrees with Zhao’s point of view. One fan, @Spigg1115, said, “Nothing is perfect anyway.” Frustration needs a goal. They chose the number one. And ‘quadruple check’ poor remarks is a requirement. 

Another account centred on BNB said that everyone should work together to make the crypto world stronger and better so it can reach all 8 billion people on Earth. They’re spending their time for no reason. A trader summed up the mood well when they said, “Red candles bring creative headlines.” This shows how market downturns often lead to overblown stories.

Broader Implications for Traders and the Industry

Zhao’s statements support a common idea in cryptocurrency: trading is quite risky, so consumers need to keep an eye on their own exposure. By saying that platforms shouldn’t be blamed for everything, he stresses the importance of doing your own research, especially in markets that are unstable and where false information may spread rapidly.

Supporters say that the episode shows that Binance’s environment can handle criticism, while critics say it is a stress test. The platform is still under investigation as market conditions change. However, Zhao’s message remains clear: traders need to take responsibility for their actions rather than looking for someone to blame. 

This ongoing conversation among users, influencers, and platforms like shows that the crypto space is growing but still faces many difficultys. In the end, each person is responsible for their own actions.