Arthur Hayes, the CEO at BitMEX, was quick to call out the CEO at Binance, saying via Twitter that they can do better than that. In fact, the description of BitMEX’s website shows that the information in Binance’s newly published statement is word-for-word with a few short exceptions.
This prompted Changpeng “CZ” Zhao, CEO of Binance, to tweet about the matter on 3rd September 2019, and apologize to BitMEX for the incident. He said that his team missed it in the “DD process” prior to the acquisition and that they haven’t read the BitMEX documents on their own.
His swift apology read:
“Shame on us. Sorry about that. Missed this in the DD process before the acquisition (didn’t read the BitMex docs ourselves). Will fix/remove ASAP.”
This show how much “CZ” doesn’t care about his product and his famous “BUIDL” and its GREED drove, shooting products on the market without any verification.
As long as it brings HIM money it doesn’t matter if is a sh*tcoin on his LaunchPad program or futures derivates platform.
It’s fascinating to see that the entire page is copy-pasted from Binance’s direct competitor in the field of crypto derivatives, BitMEX.
It shows again the desperation for profit and greed of Changpeng “CZ” Zhao, CEO of Binance.