CZ’s ‘Poor Again’ Tweet Backfires as Nebraskan Gooner Slams Binance

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

Binance founder Changpeng “CZ” Zhao sparked a flurry of responses on Monday after tweeting “They’re poor again” following Bitcoin’s drop to $60,000 in early Asian trading hours on Friday.

These comments come amid controversy over Binance’s role in last weekend’s market crisis, which included a sharp selloff that briefly pushed Bitcoin below $75,000.

Retail Frustration Boils Over

CZ’s comments prompted a wave of responses from investors. One of the most striking reactions came from a popular crypto analyst, known as “Nebrasgangooner,” who tweeted,

“You abandoned the market, and now you’re making fun of everyone for being poor? It’s a strange turn of events.”

His response expressed the frustration of retail investors who lost when speculation circulated that Binance might be contributing to the market’s collapse. Earlier this week, CZ addressed a number of allegations that he called “fabricated FUD,” as he denied allegations that Binance sold $1 billion in Bitcoin to trigger the sale and dismissed criticism that he “single-handedly canceled the crypto supercycle.”

He clarified that the balance of Binance’s wallet reflects user deposits and withdrawals, not related transactions, and explained that the conversion of SAFU’s exchange wallet from stablecoins to Bitcoin will be done gradually over 30 days.

CZ also joked that if he had control over the motorcycle, he would be “snapping his fingers all day.” Despite these explanations, the Nebraskangooner’s response points to the continuing tension between retail investors and large exchanges. Several members of the crypto community also blamed Binance for the October 10 crash last year, which wiped out billions in high positions. Industry peers, including OKX founder Star Xu, also pointed fingers at Binance after the event.

Termination of Fake Accounts

The former CEO of Binance recently ended a misinformation campaign targeting him and the exchange. The campaign focused on a fake account called “Wei 威 BNB,” which pretended to be a loyal supporter but posted sensitive content about Binance. The account, which has 863,000 followers and uses photos from the BNB Chain event, appeared to be legitimate at first.

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CZ, however, revealed that photos showing him and Binance CEO Yi He were altered, and one photo showed him wearing the wrong color of shirt. The account’s history also suggested that it may have been stolen or sold, as it initially only posted images of women before suddenly switching to crypto content in 2015. CZ called the campaign “lazy” and said it likely came from a competitor more focused on hurting Binance than running their own business.