Probably the most talked-about matters on X (previously Twitter) at the moment was the intense allegations made in opposition to Binance founder Changpeng Zhao (CZ).
An nameless analyst utilizing the pseudonym “Robust” on X, in a protracted thread of messages, accused CZ and Binance of years of manipulation, market steering, and self-serving practices within the cryptocurrency market.
Robust argued that IEOs (Preliminary Change Choices) on Binance had been supported utilizing a “pump and dump” technique in the course of the 2017–2019 interval, and that the market was intentionally pushed into sharp declines in the course of the 2021–2022 interval. Based on the analyst, Binance demanded token provide from initiatives in alternate for itemizing after which offered these property in the marketplace, thereby creating strain on costs. Moreover, it was claimed that the alternate adopted an aggressive stance geared toward eliminating wholesome competitors within the sector.
The assertion argued that CZ had beforehand performed such actions comparatively secretly from the general public, however that his habits had turn out to be extra “open and brazen” within the final six months. Robust cited a change in his relationship with the US administration as one of many causes for this. It was famous that CZ had beforehand been convicted of cash laundering within the US and acquired a brief jail sentence, and it was steered that the strain of oversight had decreased with the change within the political local weather.
The analyst additionally claimed that the “crypto-friendly” rhetoric voiced throughout Donald Trump’s presidential marketing campaign didn’t translate into observe, and that some massive names had been capable of transfer extra freely out there throughout this era. It was argued that the sharp value actions, particularly in periods of low liquidity, had been deliberate.
The efficiency of the TRUMP token, promoted by Donald Trump, after its itemizing on Binance.
Probably the most hanging factors in Robust’s claims issues the decentralized cryptocurrency alternate Aster DEX and its token ASTER, which was launched within the fall of 2025. The analyst claims that CZ closely promoted this venture, that the value peaked with the Binance spot itemizing, after which skilled a pointy decline. The claims additionally embrace allegations that Binance and associated wallets engaged in heavy promoting of ASTER throughout this era.
CZ’s tweet earlier than ASTER was listed on Binance, containing a bullish remark about ASTER saying “Astober,” and the following value motion.
Robust argued that ASTER has misplaced over 80% of its worth from its peak, experiencing a pointy decline unbiased of common market circumstances, and that the crypto market has taken on a weak outlook since October tenth. On October tenth, Robust described it as “the most important liquidation occasion in crypto historical past.” The analyst claimed that large-scale quick positions had been opened on some platforms hours earlier than this sharp drop, suggesting it was a deliberate transfer. The claims that CZ was pardoned by Trump throughout the identical interval had been additionally described as “noteworthy by way of timing” within the submit.
CZ had additionally tweeted “Now, it’s ‘I want i purchased early season” a number of days earlier than the October 10 crash.
CZ’nin 10 Ekim çöküşü öncesi attığı tweet.
Robust claimed that CZ promoted ASTER buybacks to mitigate the scenario, however concurrently, gross sales continued by way of secondary wallets. It was additionally alleged that a big portion of the Aster DEX group consisted of former Binance staff, that the particular person offered because the venture’s CEO was virtually by no means seen in public, giving the impression of a “showcase” construction. Moreover, it was claimed that a good portion of ASTER’s provide was concentrated in Binance-linked buildings and launched to the market by way of airdrop seasons.
Based on the analyst, CZ’s assertion that he “purchased $2 million value of ASTER together with his personal cash” briefly relieved the market, however the value shortly rebounded and resumed a pointy downtrend. Robust argued that ASTER has misplaced roughly 80% of its worth since its peak, performing a lot worse than the general market, and that the cryptocurrency market entered a “distribution section” after October tenth.
The worth motion of the ASTER token after CZ introduced that he had bought it.
Based on Robust, CZ performed these actions secretly from the general public for a few years, projecting a “innocent, pleasant” picture to the surface world. The first purpose for this, he argues, was his apprehension concerning the US administration. The analyst claims that the US seen FTX as a device to manage crypto in the course of the 2021 bull market, however the Sam Bankman-Fried scandal disrupted this plan. Following this, the US administration turned its consideration to CZ, who was convicted of cash laundering and acquired a brief jail sentence.
It has been steered that the key market crashes skilled throughout 2021–2022 weren’t coincidental. Robust claims that the market was intentionally suppressed throughout this era and that the method was a part of an influence wrestle geared toward sidelining FTX founder Sam Bankman-Fried (SBF).
Robust cited as proof for his claims the misguided drop within the USDe token value on Binance in the course of the October crash, which triggered a liquidation wave. He additionally included quite a few bullish tweets about Aster from Binance founder CZ.
*This isn’t funding recommendation.
