Core Insights - Founder Changpeng Zhao (CZ) has characterized the criticism against him and Binance as targeted and coordinated attacks, particularly on social media platforms like X [1][2] - CZ defended his "hold and wait" strategy amidst backlash, suggesting that the criticism stems from organized FUD campaigns rather than individual investor decisions [2][6] Group 1: Criticism and Defense - CZ addressed the backlash on January 28, labeling it a "coordinated attack" and questioning why he is blamed for investors' decisions [2] - He emphasized personal responsibility, urging investors to conduct their own research and make independent decisions [3] - Critics argue that CZ's guidance has led to significant losses for investors, particularly for tokens listed on Binance that often decline after initial hype [3][6] Group 2: Market Impact and Investor Sentiment - The recent criticism reflects broader frustrations with Binance, particularly following the October 10-11, 2025, crypto market crash, which saw altcoins' market capitalization drop by up to 54% and triggered $20-100 billion in liquidations [5] - Users reported issues such as platform glitches and delayed trades during the crash, exacerbating investor losses [5] - Accusations of insider manipulation have surfaced, with claims that compromised market maker accounts contributed to artificial price movements in certain tokens [6]