BitMEX vs Binance – Hayes and Zhao Locked in a Twitter War Over Claims of Innovation

Earlier today, Binance CEO, Changpeng Zhao, also known as CZ, announced on Twitter that someone had tried to attack the Binance futures platform. CZ declared the attempt unsuccessful because Binance futures’ liquidation was tied to index price and not futures price. He also claimed that tying liquidation to index price and not futures price was Binance’s innovation. However, the false claim did not go unnoticed and BitMEX CEO, Arthur Hayes trolled CZ in a rather sarcastic tweet. 

Arthur Is Teaching “Copy-Pasting” In Singapore And Wants To Enrol CZ

In what could be described as the most savage retort of the day in the crypto community, BitMEX CEO, Arthur Hayes has sarcastically extended a hand of tutelage to Binance boss, Changpeng Zhao in order to teach him how to really “copy-paste” innovations. This news comes following a controversy that erupted after CZ laid claims on an innovation that happens to have been implemented by BitMEX first.

A Twitter user, @lowstrife replied to CZ’s claim by pointing out that liquidation tied to index prices was an exchange feature that had existed on BitMEX for a long time, thus, rebutting CZ claims of the innovation. No response on the tweet was received from CZ himself but Arthur Hayes had something to say. He sarcastically offered CZ classes in advanced copy-pasting for running a crypto derivatives platform in exchange for 51% of CZ’s equity. Retweeting the post by @lowstrife, Hayes said –

CZ Responds!

As expected, CZ responded by making fun of the whole affair while and trying to explain that the tweet was “misleading in the way it was written”. In the same vein, CZ offered to take attend any of Arthur Hayes’ classes in exchange for 49% of any venture that Hayes ran. According to CZ,

Earlier Hayes Alleged Binance Plagiarizing Features From BitMEX

Coingape recently reported that BitMEX, in a sarcastic tweet, had claimed that Binance had copy-pasted the documentation for their futures platform. Arthur Hayes, at that time, had retweeted the same with a meme and a remark directed at CZ.

CZ had responded to this by simply apologizing and maintaining that they didn’t read the documents, and promising to remove the plagiarized documents. He also uploaded the links for official documents of futures to be reviewed by BitMEX.

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