CZ and Xu Reignite Decade-Old Feud with $1 Billion Bet on X
The long-standing feud between cryptocurrency exchange founders Star Xu of OKX and Changpeng Zhao, known as CZ from Binance, reignited recently. This dispute resurfaced after Xu labeled Zhao a “habitual liar” in several posts on X, reigniting controversies from over a decade ago.
Background of the Dispute
The tensions between Xu and Zhao trace back to Zhao’s brief association with OKCoin, a platform founded by Xu. Allegations emerged in 2015 regarding Zhao’s conduct during a contract dispute involving Roger Ver. These allegations included accusations of misleading statements, which Zhao has consistently denied.
This latest exchange comes in the wake of a memoir released by Zhao earlier this week, prompting Xu to revisit these old claims. In a statement, Xu mentioned that he had no desire to drag up the past but felt compelled to respond due to the book’s content.
Public Disagreements and Allegations
In January, prior to this flare-up, Xu criticized Binance-associated activities for contributing to the significant crypto market crash on October 10. This claim was disputed by Binance and other stakeholders in the industry.
- 2015 Allegations: Zhao faced accusations of “harmful acts” during his time at OKCoin.
- Public Denial: Following the allegations, Zhao publicly refuted them on Reddit.
- Memoir Prompt: Zhao’s memoir has reignited discussions about their past conflicts.
Recent Developments
In his recent postings, Xu pointed to a video that he claims supports his allegations about conflicting versions of contracts. He reiterated that Zhao has misled the public and accused him of being deceitful.
The disputes escalated further when Xu questioned Zhao’s marital status. Referring to previous reports, Xu requested a divorce agreement that would clarify Zhao’s current situation. Zhao responded that he is officially divorced and even challenged Xu to a $1 billion wager to demonstrate the validity of his divorce. He invited Xu to select any amount for the bet, asserting that lawyers could confirm the details.
Xu declined the bet, citing regulatory compliance issues related to operating a legitimate exchange. Nevertheless, he pressed Zhao for clarity regarding the legal separation of his Binance equity associated with his divorce.
Zhao dismissed Xu’s inquiries as irrelevant to the ongoing discussion, labeling them as attempts to divert attention from the main issues.
Conclusion
The rivalry between CZ and Star Xu remains a focal point of interest in the cryptocurrency realm. As both parties continue to engage in public discourse, the industry watches closely, awaiting further developments in this multifaceted dispute.
