Binance CEO Changpeng Zhao has called out renowned economist Nouriel Roubini who has been a vocal adversary of the cryptocurrency industry for years. His strong opinions included referring to Bitcoin as a “shitcoin,” discrediting Ethereum and dismissing blockchain technology as n...
Binance CEO Changpeng Zhao has called out renowned economist Nouriel Roubini who has been a vocal adversary of the cryptocurrency industry for years. His strong opinions included referring to Bitcoin as a “shitcoin,” discrediting Ethereum and dismissing blockchain technology as no more than a glorified spreadsheet. However, in a surprising turn of events, Roubini has announced the rollout of his cryptocurrency, a move that has triggered a sharp response from Changpeng Zhao, known in the crypto world as CZ, the co-founder and CEO of Binance.
Changpeng Zhao calls out Roubini over his token launch
Roubini’s verbatim statement included a mention of the “seven Cs of crypto” branding, where he referred to concealed, corrupt, criminal, and fraudulent elements alongside labeling figures like CZ as carnival barkers. Despite Roubini’s prior verbal attacks on Binance and Changpeng Zhao, his latest crypto venture, Atlas Capital, showcased a team member’s experience at Binance, as a testament to the legitimacy and expertise within the newly established company.
CZ’s response and the industry dynamics
Despite this removal, the company maintains statements on its website emphasizing the extensive experience of former Binance employees. Notably, Mayur Kamat, Atlas Capital’s Senior Vice President of Product, previously held a significant position as the Global Head of Product at Binance, working directly under CZ. This clash between Roubini and Zhao underscores the stark contrast in their positions within the cryptocurrency sphere. Roubini’s shift from critiquing the industry to actively engaging in a crypto venture has sparked criticism from figures like Changpeng Zhao.