Binance users praise CZ as savior, but DeFi leaders denounce evil plots

CZ announced the completion of its Binance campaign to airdrop $45 million to liquidation traders. While this prompted community praise, some leaders raised important questions.

The airdrop will take place on BNB, and this action will directly benefit Binance in a number of ways. Moreover, good-faith actions may cause traders to forget legitimate complaints about platform outages.

CZ Binance Airdrop

Since last week’s crypto Black Friday, Binance has taken several steps to get traders back on their feet. In addition to the $400 million support initiative, the exchange is airdropping BNB to rekt traders.

Binance’s $45 million airdrop has ended and many traders are currently praising CZ.

CZ, Binance’s former CEO, still serves as the company’s “public face,” and this is especially true for airdrop campaigns. He provides progress updates on the program through social media and has become a lightning rod for community response.

For many BNB traders, this was a great way to rebuild confidence. Although CZ’s reputation has been tarnished by several scandals, many of its former critics point out the real benefits of Binance’s new campaign.

Moreover, the airdrop did not only help BNB holders. BSC is a growing memecoin blockchain, and many such traders received compensation after non-Binance assets were liquidated. This also helped build goodwill in the community.

mounting criticism

Still, not everyone sees it that way. During the crash, a technical glitch on Binance caused a number of liquidations for the platform’s users, sparking community anger.

Although these BNB airdrops repaired some of the damage, CZ reportedly personally owns more than half of BNB’s token supply.

In other words, the airdrop could ultimately benefit CZ, the largest BNB whale. Restoring Binance’s own user liquidity is not a neutral gesture of community support. It benefits the exchange itself first and foremost.

Some analysts even claim that Binance is “aiming to liquidate you” and call CZ a “parasite” and “the biggest scammer this space has ever seen.”

Prominent users have even begun social media campaigns to document their grievances and remind the community that these airdrops don’t erase the damage.

Ultimately, the proof for these arguments lies in on-chain data. Many of the largest airdrop recipients are, by definition, large BNB holders.

CZ gives these users much less money than they actually lost, and this deposit helps encourage them to stay on Binance’s infrastructure.

It is up to the individual trader to decide on all of this. Exchanges could not have done anything, but these BNB airdrops certainly benefited some users.

But it would be a big problem if the campaign made the community forget their legitimate grievances against Binance and CZ.

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