Musk Steps In to Respond to CZ: Never Posted Remarks Criticizing Binance's Market Dominance

November 7 — After a community user posted that Musk criticized Binance for holding roughly 80% of the crypto market share and argued that this dominance hinders industry development, CZ responded that the claim is false information and urged the poster not to spread misinformation. In addition, CZ posted a screenshot of his fact-check inquiry, which showed that Musk had never made such remarks, nor called on users to move their funds to other trading platforms.

In response, Musk personally stepped in to reply to CZ, saying he never posted such content and that the information is fabricated.