• CZ publicly denied Binance was tied to the BitMEX Covid crash narrative
• The statement was made in a post on X
• The exchange of claims revives debate about responsibility for 2020 turmoil
Renewed discussion about the industry’s most violent selloffs is again drawing major players into the spotlight.
CZ moved to dismiss fresh attempts to link Binance to the so-called BitMEX Covid crash, calling the idea a rumor in a message shared on X.
CZ Responds to BitMEX Covid Crash Allegations
Changpeng Zhao addressed the claims directly on X.
He rejected suggestions that Binance contributed to instability associated with BitMEX during the pandemic-era market collapse.
CZ characterized the story as unfounded and pushed back against attempts to recycle old blame narratives.
The remarks came as online conversations revisited exchange behavior, liquidations, and infrastructure failures from that period.
Why Historic Crash Narratives Keep Returning
Moments of severe stress leave long memories in crypto.
Traders who experienced outages or forced liquidations often reexamine events when new disputes or rivalries surface.
Because of that, even informal social media claims can regain traction years later.
Context: The Market Chaos of March 2020
At the start of the global pandemic, digital assets plunged alongside traditional markets.
Liquidity evaporated across venues, derivatives positions unwound rapidly, and several platforms reported technical problems.
The episode became a reference point for debates about resilience and risk management.
Market Signals Remain Stable for Now
The latest exchange of words did not align with a sudden repricing in major tokens.
Participants nevertheless monitor reputational friction between large venues, as trust can influence where capital flows during volatile periods.
Industry Reaction Mixed Across Social Media
No immediate formal statement accompanied CZ’s comments from BitMEX.
Online responses ranged from agreement with correcting misinformation to arguments that unresolved questions from 2020 still deserve scrutiny.
/photo/1">CZ’s rebuttal highlights how unfinished narratives from past crises can resurface quickly.
Whether discussion escalates may depend on if new data, records, or testimony enter the public domain
