CZ Faces Fresh Accusations of Deceit in Binance Saga
Crypto mogul Changpeng Zhao slammed for alleged lies in his book and murky divorce details, raising questions on Binance shares amid BNB's bearish trend.
SourceIn a scathing Twitter thread, prominent crypto figure @star_okx accuses Binance founder Changpeng Zhao—often dubbed the sector's richest man—of perpetuating a web of lies through his recent book, dragging old controversies back into the spotlight on April 9, 2026. The critic highlights Zhao's alleged habit of misleading the public, media, and global audiences, pointing to inconsistencies in how he describes his marital status. Drawing from a CoinDesk report, @star_okx notes that Zhao's wife submitted a plea letter to judges during his legal troubles, consistently referred to as 'husband' and 'wife' without any 'ex' prefixes, earning admiration for her steadfast support.
Blurred Lines in Zhao's Personal Narrative
Zhao's book and interviews blur the lines on his relationship, oscillating between claims of separation and full divorce, prompting questions about whether any split occurred post-incarceration. Critics, including @RoshBuilder, label this as hypocritical, arguing it selectively acknowledges the partnership for image-building—like in court documents—while shrouding it in privacy otherwise. The thread demands clarity on whether Zhao legally divided his substantial Binance shares upon divorce, invoking examples like Jeff Bezos and Bill Gates who equitably split assets. This scrutiny echoes broader crypto industry tensions over transparency, especially after Zhao's 2025 legal battles that reshaped Binance's regulatory landscape.
As this controversy brews, BNB's four-hour chart reveals a confluence of bearish signals that institutional traders are watching closely for potential breakdowns. With the token priced at $600.35 and lodged firmly below the 50-period EMA resistance at $603.32—itself undercut by the longer-term 200-period EMA barrier at $617.04—the overall trend structure screams sustained downside pressure, amplified by a MACD death cross at 0.93 confirming weakening momentum. RSI lingers neutrally at 46.93, offering no immediate bullish relief, while the price oscillates inside Bollinger Bands, eyeing exhaustion at the lower support of $592.55 if volatility spikes; savvy desks might position for a retest of that band floor before any macro rebound, especially if sentiment sours further on these personal revelations about Zhao.
Star
@star_okxFounder & CEO of OKX (since 2013).