CZ's Response to FUD AMA Key Takeaways: The 1011 crash was not caused by an issue with Binance's system, and the platform has done its best to compensate for the losses

On the morning of January 31, Binance founder CZ hosted an English AMA at Binance Square to address recent FUD targeting Binance from the community. Below are BlockBeats’ key takeaways from CZ’s remarks: - Trump’s tariff announcement sparked a market downturn on October 11. This was not caused by any issues with Binance’s system or actions taken by Binance. Binance does not trade to profit from buying/selling cryptocurrencies, so it did not dump assets to intentionally suppress prices. The so-called “Bitcoin price manipulation” would require taking on hundreds of billions of dollars in risk—and no entity globally has that capacity. Binance is currently regulated and cannot engage in any violations. - Forbes reporting a $920 billion net worth does not mean I have that much cash on hand. I have not cashed out any company stock personally, nor sold cryptocurrency for fiat. I believe fiat depreciates long-term, so I prefer holding Bitcoin, BNB, and similar assets. - Some claim a system issue may have caused the flash crash. But no tech in the world guarantees zero problems—no website or trading platform is 100% uptime-proof. Our Terms of Service clearly state such situations may occur, and the platform is not liable. Binance has done a strong job compensating users for losses from this incident. - Listing a token on Binance does not mean users must buy it. Good projects will naturally draw more buyers; poor ones will get fewer. Binance only provides a channel to access a token—not responsibility for its performance. Just like not every Nasdaq stock does well, no platform guarantees every asset on it will perform. The platform offers access; users are still responsible for their own research and choices. - Recently, “water armies” have spread malicious FUD, plus some users who didn’t lose money in the Oct 11 event are pressuring Binance for compensation. But these are a minority; most users are rational. Binance’s customer service has been excellent, even going above and beyond. Water army FUD will boost Binance’s exposure, and the platform will ultimately benefit once the storm settles.