- Changpeng Zhao, former CEO of Binance, accused of spreading false claims about a rival crypto founder.
- Public debate arose after Zhao’s comments on X suggested insider trading by a former Binance employee linked to Boop Fun.
- An Ethos Network review criticized Zhao’s actions, though some participants called responses overblown and lacking clear evidence.
Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, has been accused of making misleading statements about the founder of Boop Fun, a competitor to the Pump Fun platform. The incident began on May 5, 2025, when Zhao posted on the social media platform X, alleging that an ex-Binance employee — rumored to be Boop Fun’s founder Dingaling — participated in insider trading and misrepresented their former position at Binance.
In his post, Zhao stated, “There are also former employees who were fired by Binance for insider trading, who claimed to be the founder or CXO of something a few years later.” He added that “Binance has never had any other C-Os except the CEO, CTO, CMO, CCO, CFO, and COO.”
The claims sparked discussion on X, with multiple users speculating that Zhao was referring to Dingaling, although no names were confirmed. MetaEra founder Vito joined by stating that the unnamed person had gained “industry status” through Binance, before launching a project that would “go back to zero” (source).
A review on the Ethos Network, titled “liar, shady practices, not trustworthy any longer” (read here), sharply criticized Zhao. The review’s author, Chad.farm, accused Zhao of “spreading misinformation” and falsely attacking Dingaling, describing Dingaling as “one of the most respected figures in crypto.” Chad.farm also claimed Zhao was “throwing Dingaling under the bus.”
However, not all responses supported these critiques. Some users said the negative review was an exaggeration, suggesting that the public information is open to interpretation and does not clearly prove any wrongdoing. At the time of reporting, the Ethos review had received 78 reactions and a 56% approval rating.
Dingaling has not responded to the allegations on X.
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