Crypto Twitter Reacts To Binance CEO's Deleted Tweet About Coinbase's Bitcoin Holdings
Coinbase CEO Brian Armstrong indirectly referred to CZ's tweets as "FUD".
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Coinbase was trending on Twitter on November 22 after Binance CEO Changpeng Zhao, also known as CZ, sent out a tweet that appeared to question Coinbase's Bitcoin holdings.
>In the since-deleted tweet, CZ referenced a Yahoo Finance article that alleged that “Coinbase Custody holds 635,000 BTC on behalf of Grayscale.” CZ added, “4 months ago, Coinbase (I assume the exchange) is under 600K,” with a link to a 4-month-old article from Bitcoinist. Binance's CEO made it clear that he was merely quoting "information" and not making any statement on his own. However, his tweet was not well received by the crypto community.
A screenshot of CZ's since-deleted tweet.Soon after, Coinbase CEO Brian Armstrong indirectly responded to CZ in a series of tweets, stating; “If you see FUD there – remember, our finances are public (we are a public company),” with a link to Coinbase’s Q3 shareholder letter. He clarified that his company holds "~2M BTC. Worth approximately $39.9 billion as of 9/30 (see our 10Q)."
If you see FUD there - remember, our finances are public (we are a public company) https://t.co /ayzN0zaqgT
— Brian Armstrong (@brian_armstrong) November 22, 2022CZ deleted his tweet shortly afterwards, stating, "Brian Armstrong just told me the numbers in the articles are wrong. Deleted the previous tweet. Let's work together to improve transparency in the industry."
p>Brian Armstrong just told me that the numbers in the articles are wrong. Deleted the previous tweet. Let's work together to improve transparency in the industry.
— CZ Binance (@cz_binance) November 22, 2022Given recent market events and Binance's perceived role in inciting them, some have called out CZ for the insinuation...
Coinbase CEO Brian Armstrong indirectly referred to CZ's tweets as "FUD".
New
Coinbase was trending on Twitter on November 22 after Binance CEO Changpeng Zhao, also known as CZ, sent out a tweet that appeared to question Coinbase's Bitcoin holdings.
>In the since-deleted tweet, CZ referenced a Yahoo Finance article that alleged that “Coinbase Custody holds 635,000 BTC on behalf of Grayscale.” CZ added, “4 months ago, Coinbase (I assume the exchange) is under 600K,” with a link to a 4-month-old article from Bitcoinist. Binance's CEO made it clear that he was merely quoting "information" and not making any statement on his own. However, his tweet was not well received by the crypto community.
A screenshot of CZ's since-deleted tweet.Soon after, Coinbase CEO Brian Armstrong indirectly responded to CZ in a series of tweets, stating; “If you see FUD there – remember, our finances are public (we are a public company),” with a link to Coinbase’s Q3 shareholder letter. He clarified that his company holds "~2M BTC. Worth approximately $39.9 billion as of 9/30 (see our 10Q)."
If you see FUD there - remember, our finances are public (we are a public company) https://t.co /ayzN0zaqgT
— Brian Armstrong (@brian_armstrong) November 22, 2022CZ deleted his tweet shortly afterwards, stating, "Brian Armstrong just told me the numbers in the articles are wrong. Deleted the previous tweet. Let's work together to improve transparency in the industry."
p>Brian Armstrong just told me that the numbers in the articles are wrong. Deleted the previous tweet. Let's work together to improve transparency in the industry.
— CZ Binance (@cz_binance) November 22, 2022Given recent market events and Binance's perceived role in inciting them, some have called out CZ for the insinuation...
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