After spending time in prison, Binance [BNB] founder Changpeng Zhao (CZ) is in the news after he released an autobiography. This has already triggered a lot of criticism from his old rival – OKX founder Star Xu.
The 457-page memoir “Freedom of Money,” released on 08 April, talks about CZ’s journey and how he created one of the largest crypto exchanges – Binance.
Source: CZ/XOKX’s Xu vs Binance’s CZ
The main thing that drew maximum attention was CZ’s mention of the OKX Coin, wherein CZ dragged up old claims. In his book, CZ claimed how his long-standing rival Xu tried to sabotage him with FUD and labeled him as an unfit chief technical officer (CTO).
Binance‘s founder even went ahead and looped in Huobi founder Leon Li for the matter. He wrote that back in 2025, Li had told CZ that Xu had reported him to Chinese authorities, with a screenshot proving the same.
Star Xu fights back
As expected, Star Xu was quick to come to his own defense. He noted,
OKX’s Founder further clarified that he has “no intention of revisiting these old issues involving CZ”.
However, given that it was CZ himself who stoked the matter this time, Xu went ahead and attached a YouTube video from 10 years ago. According to the exec, it showed evidence of contract forgery.
What happened between 2014 and 2015?
CZ joined OKCoin (formerly OKX exchange) as CTO back in mid-2014. However, he left as early as 2015. With a dispute over his 10% equity stake and a controversial Bitcoin.com domain deal, the to-and-fro attack between the two parties escalated the matter.
The latest episode came on the back of BNB trading at $600.45 at press time, after a drop of 1.11% in the last 24 hours.
However, the altcoin’s price action was not related to this new clash. Instead, it was a result of the broader market downturn, with the same down by 1.51% over the same period.
Final Summary
- Changpeng Zhao’s (CZ) memoir reignited the long-standing rivalry between CZ and OKX founder Star Xu.
- Clash had little impact on BNB’s price action, with the same moving in sync with the broader market.
Source: https://ambcrypto.com/okxs-xu-calls-binances-cz-a-habitual-liar-over-alleged-false-statements-details/
