Elon Musk: I did not call on Binance users to withdraw their funds and move them to competing platforms
Elon Musk denied calling on users of the Binance# platform to withdraw their funds and move them to competing platforms, after a post went viral claiming that he had criticized the platform’s control of 80% of the cryptocurrency market share, arguing that this limits competition and hinders the market’s rise.
The controversy began when the circulating post urged users to move their funds from Binance, amid the fallout from a hack whose losses were estimated at around $6.3 billion.
Binance founder Changpeng Zhao (CZ) warned against sharing the claim, before the Grok AI chatbot confirmed that no similar post appeared on Musk’s account.
Musk replied to the post itself, saying: “I didn’t post anything like that.” $BTC $BNB $KORUB
Elon Musk denied calling on users of the Binance# platform to withdraw their funds and move them to competing platforms, after a post went viral claiming that he had criticized the platform’s control of 80% of the cryptocurrency market share, arguing that this limits competition and hinders the market’s rise.
The controversy began when the circulating post urged users to move their funds from Binance, amid the fallout from a hack whose losses were estimated at around $6.3 billion.
Binance founder Changpeng Zhao (CZ) warned against sharing the claim, before the Grok AI chatbot confirmed that no similar post appeared on Musk’s account.
Musk replied to the post itself, saying: “I didn’t post anything like that.” $BTC $BNB $KORUB
