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Elon Musk Says He Never Urged Binance Users to Move Funds

BeInCrypto

Elon Musk has dismissed a viral post claiming he blamed Binance’s 80% market share for holding crypto back. The Tesla CEO called the quote made up on Saturday, after Binance founder Changpeng “CZ” Zhao flagged it as false.

The timing gave the fake claim extra weight. The post urged users to move funds to rival exchanges while Binance still dealt with the fallout from a roughly $6.3 billion hack.

Binance Hack Fallout Continues

A crypto influencer account published the claim on Saturday morning. According to the post, Musk wanted users to move funds off Binance to restore competition and spark a bull run.

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Originally published by BeInCrypto on

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