Binance founder fires back at Tesla CEO Elon Musk on Twitter

·Anchor, Editor-at-Large
·2 min read

The war of words between Binance founder and CEO Changpeng Zhao and Tesla CEO Elon Musk is heating up.

Musk tweeted at Zhao on Tuesday after the cryptocurrency exchange limited withdrawals of dogecoin.

"Well, I don't intend to be sassy on Twitter... In his tweet he said I am shady," said Zhao, known as CZ in crypto circles, on Yahoo Finance Live, when asked about the recent Twitter exchange. 

"I am not aggressive by nature, but not submissive or cowardly when it comes to defending our business. I view defending Binance as my job and the crypto industry as my life's mission. When he says something about that, which is also incorrect, he lacks research," CZ said, adding that the Doge Developers tweeted about the issue 11 days ago. 

Binance suspended dogecoin withdrawals on Nov. 11 due to a glitch during a network update. Musk — a long-time proponent of dogecoin — tweeted Tuesday morning that the Binance suspension looked "shady."

CZ fired back, explaining the problem to Musk and his followers on Twitter. "I clarified the issue," CZ said on Yahoo Finance Live. But CZ also included in his tweet a story in The Guardian about the Tesla software glitch that resulted in a recall of about 12,000 vehicles. 

"I am not against him personally," said CZ referring to Musk. "I don't take it personally. I feel this is like a bit of a friendly banter and it gives the Twitter community a little bit of entertainment."

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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