- Chinese entrepreneur Luo Yonghao has formally asked Zhao Changpeng to remove a meme cryptocurrency that uses his name and image without prior permission.
- The platform’s infrastructure limited the visibility of tokens in search results and even renamed assets with hidden text.
- Network records ensure that smart contracts remain active on the blockchain and allow access via a direct link.
Chinese internet entrepreneur Luo Yonghaoled a bitter public confrontation with binance wallet After discovering unauthorized digital assets based on his identity. This incident, which occurred on Platform X, involved a direct complaint against the co-founder of the ecosystem. Zhao Changpengcalled for the immediate removal of the currency to prevent misleading market users.
@cz_binance Hello, Mr. Zhao. Recently, a cryptocurrency named “Luo Yonghao” (using my avatar as the logo) was traded on the Binance exchange. Officially, it is not included in the “Trading Platform” tab, but only in the “Wallet” tab, but it is still a Binance exchange. To prevent people from being fooled, either remove the book from the shelf or provide a way to file a formal complaint. thank you.
— LUoyonghao (@luoyonghao) May 15, 2026
Technical response was implemented immediately. Binance blocked token visibility With internal search engine.
Despite this measure, direct links and contract addresses will continue to work due to network immutability. Luo Yonghao He expressed his displeasure when he confirmed that his profile picture remained visible on the interface, potentially causing confusion within the investment community.
Blockchain’s technical limits and regulatory controversy
According to locally reported data, the impossibility of erasing assets once deployed on a blockchain represents a structural challenge for centralized platforms offering Web3 interfaces. However, binance wallet The interface will now display the token name with hidden characters, and residual liquidity and decentralization mechanisms will prevent absolute deletion of digital records.
This situation occurs in situations of high speculative activity. Sector data shows that the meme coin, propelled by the social media viral phenomenon, experienced a notable market capitalization increase within days. Asian market.
Faced with this scenario, web 3 Tools facilitate the spread of these assets. During last year, binance wallet We have expanded our ecosystem through our “Meme Rush” program, an exclusive marketplace designed with. Partnership with Four.Meme. According to the program’s official documentation, this feature will allow users to access an early stage of liquidity before their assets reach an estimated valuation of $1 million and move to a decentralized exchange platform like PancakeSwap.
The entrepreneur linked this issue to the evolution of the cryptocurrency industry. Quoting the original text Bitcoin principles established by Satoshi Nakamotothe founder of liquidated company Smartisan Technology, claimed that cryptocurrencies were born to avoid exploitation by institutions, but from his current perspective, the ecosystem is often used by bad actors to harm individual investors through the non-consensual use of personal brands.
Luo Yonghao He also revealed that his ties to the industry are not new, as in 2018 he received a financial offer to silently support an initial coin offering (ICO) in exchange for a large sum of money, which he flatly rejected. The statement is consistent with financial records from 2019, when he was placed on China’s debt list after racking up about $89 million in unpaid debts stemming from the suspension of the technology company he ran.
Warnings about these types of market trends don’t just come from figures outside the sector. Zhao Changpeng He himself told the trading community that rushing to acquire meme assets based solely on internet trends or viral publications usually results in severe financial losses. cryptocurrency market participants.
