A rumor involving Binance and Elon Musk has circulated on X, as the platform goes through a delicate period after a hack estimated at $6.3 billion. A viral publication attributed to him a call for the withdrawal of funds to restore competition between platforms. However, the Tesla boss quickly denied these remarks. Changpeng Zhao also denounced this false information, disseminated in a particularly tense climate for the crypto sector.
In brief
- Elon Musk denies calling on Binance customers to withdraw their funds.
- CZ denounces a false quote relayed by a crypto account on X.
- Grok confirms that no corresponding posts appear on Musk’s account.
- This rumor comes after a Binance hack estimated at $6.3 billion.
Elon Musk denies false statement about Binance
On Saturday morning, an account specializing in cryptocurrencies relayed an alleged statement from Elon Musk. According to this message, the billionaire criticized Binance for controlling 80% of the market. This domination would slow down the development of cryptocurrencies and justify a transfer of funds to other platforms.
The publication also attributed to the Tesla manager the desire to raise prices. It encouraged users to move their assets to competing platforms. However, its author did not share any link to an original statement. There was therefore no evidence to confirm the comments attributed to the billionaire.
About an hour later, Changpeng Zhao reacted directly on X. The Binance founder asked the account concerned to no longer spread false information. He also shared a check-out of Grok, the artificial intelligence assistant built into the platform. The tool found no matching posts on Musk’s official account and concluded that it was a fabrication.
Elon Musk and CZ set the record straight after the rumor
After CZ’s intervention, Elon Musk responded in the same discussion. The billionaire said he never issued such a statement. His denial therefore matches the position expressed by the founder of Binance. The two men rejected a quote which nevertheless gave them opposing positions.
This joint reaction comes despite several public disagreements between the two leaders. At the end of October, Elon Musk notably criticized the hacking of Binance on X. Their exchange of memes this week, after the accident mentioned in their discussions, also maintained their rivalry. This time, the two men defended the same observation: the quote was false.
The timing makes this rumor particularly sensitive. Binance still has to deal with the consequences of an attack valued at around $6.3 billion. In this context, a supposed call for the withdrawal of funds could reinforce customers’ concerns. This false attribution thus risked amplifying doubts about the security of the platform.
A false alarm in a sensitive context
Elon Musk’s influence on X gives particular significance to the statements attributed to him. Even without proof, a viral quote can quickly steer discussions. A call to withdraw funds presents more risks when it concerns a large exchange platform. Users must therefore distinguish facts from unverified claims.
However, concerns go beyond the sole case of Binance. Operations attributed to North Korean hackers have reportedly resulted in the theft of billions of dollars from crypto companies this year. For his part, Michael Saylor alert on the attacks that hackers could carry out using artificial intelligence. These threats heighten the focus on IT security.
In this climate, each rumor complicates the communication of platforms and their leaders. Elon Musk’s denial and CZ’s response show the importance of rapid verification. Grok also contributed to this exchange by pointing out the lack of an original post. However, artificial intelligence tools do not replace consulting official declarations.
The case therefore does not confirm any call for the withdrawal of funds from Binance by Elon Musk. In the short term, the focus should be on the aftermath of the hack and verifiable information regarding the security of the platform. The rapid reaction of the actors concerned will remain decisive in the face of new rumors. For customers, verifying the origin of a declaration remains essential.
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