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Market News

Binance Founder CZ’s X Post Drags BOOP into Insider Drama

Written By:
Iyiola Adrian

Reviewed By:
Jahnu Jagtap

Last updated: May 5, 2025 11:09 PM
Published 2025-05-05
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Last updated: May 5, 2025 11:09 PM
Published 2025-05-05
Binance Founder CZ’s X Post Drags BOOP into Insider Drama

A tweet from Binance founder Changpeng Zhao (CZ) has kicked off major speculation after he replied to a post about a mysterious founder who allegedly misused Binance’s ecosystem. 

The post, originally from Vito, the founder of MetaEra and ND Labs, claimed a founder gained fame through Binance, launched an overhyped project on Solana, failed, and returned to Binance Chain begging for support. Vito ended the story by calling it “purely fictional,” attempting at sarcasm. CZ replied with his own “fictional” tale.

“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,” CZ wrote. He added, “Binance has never had any other C-Os except the CEO, CTO, CMO, CCO, CFO, and COO.” He also tagged his post with, “The above story is purely fictional, please do not take it personally.”

Despite the disclaimer, the crypto community on X quickly jumped to conclusions. Many began pointing fingers at Dingaling, an NFT whale and the founder of BoopFun, the project behind the BOOP token. Some users even posted his profile under CZ’s comment, tagging him and asking if he was the insider CZ meant as it clearly states on his profile that his “ex-Binance CRO.”

X user points finger at Dingaling as the insider
X user points finger at Dingaling as the insider | Source: X

Talking about the timing, Binance had just listed the BOOP token today and even announced a BOOP airdrop for users in the Binance Alpha and Wallet ecosystem. This came shortly after the project launched with attention on Solana and then shifted focus back to Binance. The timing made the connection seem suspicious to some users.

Although CZ and Vito both claimed their stories were fictional, the online reaction suggests many believe otherwise. No names were mentioned in either post, and Dingaling has also not made any public statement as of the time of writing.

Also Read: Binance Wallet Integrates Sonic, Announces S Token Airdrop

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
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Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
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Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

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