CZ’s ‘Poor Again’ tweet backfires as Nebraskangooner slams Binance

Amid the market uncertainty, Bitcoin lost more than 20% in the past week alone.

Binance founder Changpeng “CZ” Zhao sparked a flurry of reactions on Monday after he tweeted “Bad again” following Bitcoin’s plunge to $60,000 during early Asian trading hours on Friday.

The comment came amid controversy over Binance’s role in last weekend’s market turbulence, which included a sharp sell-off that briefly pushed Bitcoin below $75,000.

Frustration in retail is boiling over

CZ’s comment caused a wave of reactions from investors. One of the sharpest responses came from the popular crypto commentator, pseudonymously known as ‘Nebraskangooner’, who tweeted,

“You dumped the market, and now you’re making fun of everyone for being poor? Weird flex.”

His response reflected the frustration of retail investors who suffered losses as speculation swirled that Binance may have influenced the market decline. Earlier this week, CZ did addressed multiple accusations that he labeled as “pretty fanciful FUD,” while denying claims that Binance sold $1 billion worth of Bitcoin to trigger the selloff and refuting criticism that he single-handedly “canceled the crypto supercycle.”

He clarified that Binance’s wallet balances reflect users’ deposits and withdrawals, and not proprietary trading, and explained that the conversion of the exchange’s SAFU fund from stablecoins to Bitcoin would be carried out gradually over a period of 30 days.

CZ also joked that if he had the power to control the super cycle, he would “snap his fingers all day.” Despite these statements, Nebraskangooner’s response highlights the ongoing tension between retail investors and major stock markets. Several members of the crypto community also blamed Binance for the October 10 crash last year, which wiped out billions in leveraged positions. Industry peers, including OKX founder Star Xu, felt the same way be fingers to Binance after the event.

Dismantling fake accounts

Binance’s former CEO recently dismantled a long-running disinformation campaign against him and the exchange. The campaign focused on a fake account called ‘Wei 威 BNB’, which pretended to be a loyal supporter but posted critical content about Binance. The account, which had 863,000 followers and used images from a BNB Chain event, initially appeared legitimate.

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However, CZ revealed that photos showing him and Binance executive Yi He had been altered, and one image showed him wearing a shirt in the color he does not own. The account’s history also suggested it had been hacked or sold, as it originally posted only female photos before abruptly switching to crypto content in 2015. CZ called the campaign “lazy” and said it likely came from a competitor who was more focused on undermining Binance than running their own business.