Huobi Global and Binance are two crypto companies that are doing well. And in the industry, there is no shortage of rivalries. However, CZ, the CEO of Binance, remains fair to the comparisons and decides to reach out to his counterpart Justin Sun when his exchange is the victim of a hack.
Top hearts ! Binance and HTX in the same camp
Changpeng Zhao is known for his strong stances in the crypto ecosystem. Even if he is not always unanimous, he is not indifferent to the problems of others. While Binance is on bad terms with the SEC, it still decides to get involved in the HTX affair while it is going through a bad patch.
As a reminder, Justin Sun’s crypto exchange was the victim of a hack on September 24 which caused him to lose nearly 8 million dollars. Faced with the situation, CZ did not remain unmoved. But as usual, he did not miss the opportunity to tickle his colleague before giving him his support.
In a tweet, the founder of the world’s largest cryptocurrency exchange said his team would do everything to find the hacker and return the stolen funds. A note that does not go unnoticed, since Binance is not in its best light currently. The downward trend and the accusations from the SEC give him no respite.
CZ and Justin Sun, two entrepreneurs facing problems
The crypto sector is not experiencing its best days, and exchanges are suffering, especially the largest ones. Binance is undoubtedly the biggest of all and at the same time, it assumes the problems that come with it. Among other things, his altercation with the American markets regulator (SEC) and CZ’s often controversial comments.
While Justin Sun tends to make Huobi a future Binance, it seems that he was not only considering the positive. Indeed, the exchange which recently rebranded itself has overcome quite a few challenges during this year. Between predictions of collapse and the arrest of certain leaders, he has seen some bad news. However, he seems to be on the right track, because it is through adversity that we grow.
Huobi’s move to HTX was supposed to be a major change for the future of the exchange. But as CZ said so well, Justin Sun may have created his own grave by renaming his crypto platform like that of SBF, FTX. Despite the irony, Binance’s support will undoubtedly be of great help in finding the hacked funds. Although in any case, this situation should not affect users thanks to the SAFU fund.
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