OKX founder Star criticized CZ: the industry needs responsibility rather than PR rhetoric, and should not shirk responsibility

OKX founder Star Xu stated that he does not wish to criticize competitors during their crises, but rather hopes for collaboration to improve safety standards and protect the cryptocurrency industry. However, he expressed discomfort with a recent interview given by a person who claims to no longer manage Binance, referring to himself as the "richest person in the crypto world." He believes the interview is filled with misleading statements, downplays the responsibilities he should bear, and attempts to find excuses for failure by belittling the security of traditional banks.

Star Xu noted that after the crisis occurred, this individual was one of the most active voices on social media among Binance-related personnel and had even debated Elon Musk over SpaceX stock investments. He pointed out that the individual repeatedly emphasized "only 2% of funds flowed out of Binance" and continued marketing activities to attract users to deposit funds during the ongoing crisis. Star Xu believes that responsibility should be demonstrated during a crisis, while this interview gives the impression of shirking responsibility and shifting focus.

Star Xu cited reports that the price of Bitcoin dropped from about $81,000 to $75,000, with billions of dollars in leveraged positions being liquidated, potentially impacting the credibility of the cryptocurrency industry once again. He stated that what the industry needs is collaboration, accountability, and the protection of user assets along with the establishment of safety standards, rather than more excuses, public relations rhetoric, and marketing packaging.