Jim Cramer says he would not consider doing business with Binance, CEO CZ reacts JimCramer
Following the criticism, Binance CEO Changpeng Zhao half-joked that Cramer should refrain from using Binance"for the sake of everyone else."On Monday, the crypto industry got the shocking news that Binance had been slapped with a lawsuit by the Commodity Futures Trading Commission .
The CFTC's moves were described as"unexpected and disappointing" by Binance. CZ's first statement to the public was the number"4," which refers to an earlier post in which he listed his"dos and don'ts for 2023: 4. Ignore FUD, fake news, attacks, etc." The CFTC's lawsuit"appears to contain an incomplete recitation of facts, and we don't agree with the characterization of many of the issues alleged in the complaint," CZ wrote in a longer blog post following up on his initial response.
Binance"does not trade for profit or manipulate the market under any circumstances," CZ claimed in reaction.
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