Binance CEO CZ accused of causing ‘pump and dump’ by prominent trader after being blocked on Twitter

Changpeng Zhao, CEO of Binance, has been dealing with a host of issues, both good and bad. Over the past month, the exchange has seen several token launches and a hack which resulted in the loss of over $41 million.

Now, CZ is being accused of causing the “pump and dump” of several coin’s prices, via their actions. These allegations are fronted by DonAlt, the prominent cryptocurrency investor and analyst with over 98,000 followers on Twitter. The analyst added that he follows the likes of “CZ and Binance” for “VITAL information” and to be “well informed.”

DonAlt added that any deviation against Binance’s opinions will get you “blocked.” His tweet, referencing the censorship at the behest of the largest exchange in the world, together with a picture attesting the same read,

It should be noted that DonAlt’s comments came less than a day after he complained that the exchange and its CEO were relentlessly “shitposting.” Despite voicing his dissatisfaction at being blocked, he had previously said that he had “personally muted” both Binance and CZ.

The trader had tweeted,

Interestingly, CZ, who often veers away from Twitter conflicts responded to DonAlt. The Binance CEO stated that if the trader was displeased at the content put out by the former, he can simply “Click unfollow, and stop complaining,” citing the “Freedom of choice” argument as his concluding point.

He responded to DonAlt,

Following the incident, CZ blocked DonAlt.

With the accusation of Binance allegedly causing a ‘pump and dump’ in several cryptocurrencies’ price, the trader was evidently irritated about their incessant marketing equating his Twitter timeline to a “professional dumpster,’ due to Binance’s shares.

Maintaining that he respects the exchange’s “transparency” regarding timely updates during the period of their hack, DonAlt added that he had “several arguments” with the exchange about the posts relating to their IEO projects.

Josh Rager, another prominent crypto-trader and advisor at Token Bacon and Level Invest, added on to the criticism of Binance, stating,

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