Crypto10 April, 20261 min read
OKX Founder Star Xu Calls Binance CEO CZ Habitual Liar Over $1 Billion Bet
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Star Xu publicly calls CZ a liar, reviving decade-old allegations. $1 billion bet between CZ and Star Xu intensifies public spat.
Decade-Old Feud Rekindled
The longstanding feud between OKX founder Star Xu and Binance founder Changpeng Zhao reignited after Zhao published his prison-penned memoir. Xu accused Zhao of being a habitual liar over a decade-old contract dispute from Zhao's 2015 stint at OKCoin. Zhao responded that he had publicly denied forging contracts in 2015 and detailed problems he saw at OKCoin.
The dispute escalated into personal territory when Xu questioned Zhao's marital disclosures. Zhao challenged Xu to a $1 billion bet that the divorce had been finalized. Xu rejected the wager, citing compliance considerations tied to running a regulated exchange.
The $1 Billion Bet
The $1 billion wager became the focal point of the feud. Xu declined, citing the illegality of gambling and professional obligations. Yi He publicly taunted Xu to engage.
The dispute touched on the largest source of CZ's personal wealth. The public spat drew sharp reactions from crypto commentators.
Roots of the Dispute
The feud traces back to 2014 when CZ worked at OKCoin before leaving under contested circumstances.
OKCoin's 2015 Reddit statement accused CZ of contributing no code and running his own trading bots.
The contract dispute involved a Bitcoin.com domain agreement with Roger Ver.
The clash follows earlier disagreements linked to market events.
Xu blamed Binance for amplifying the Oct. 10 crypto crash, a claim Binance disputed.