Binance Founder CZ Shares Post Claiming 11,700 Hostile Posts

A post shared by Binance founder CZ on Nov. 4 claimed that 1,083 accounts published 11,700 hostile posts about Binance’s hot-wallet theft, with calls to flee peaking during staged withdrawal restoration.

The post put the total reach at about 20.93 million impressions. It said replies made up 79.6% of the posts and 3,354 were classified as false information across 15 rumor categories.

The narratives it listed included insider involvement, insolvency, comparisons with FTX, and claims that Binance would not reopen withdrawals or that users would rush to leave once withdrawals resumed.

Among 641 highly active accounts, 452 had coordination links and 444 were in one connected network, the post said. It also said 89% of sampled accounts usually posted about Binance no more than 0.2 times per day, while the sample’s Binance-related posting rate during the incident reached about 24.6 times its baseline.

Calls for immediate withdrawals or warnings of a bank run reached 11.2 posts per hour during staged restoration, the highest rate across those restoration stages, the post said. CZ had said Binance could cover the security losses.