Binance founder CZ replies to Om token crash allegation with sarcasm

By listing OM, Binance helped validate a “questionable” project

Binance founder CZ replied to Om token crash allegation with sarcasm, he said that many are blaming Binance unnecessarily, as whoever did it knew enough to avoid Binance.

On X, reacting to criticism that Binance helped validate a “questionable” project by listing OM, CZ wrote, “Some people blame Binance for OM. Whoever did it in the last 3 days knows to avoid Binance.”

CZ sarcastically posted this tweet, using emojis to mock the idea that Binance was to be blamed. He hinted that the real cause of OM’s collapse lay outside the platform.

His response to the crash of the Mantra DAO (OM) token serves as an example of his typical approach to managing Binance’s image and involvement in controversial events.

Binance often faces scrutiny for listing tokens with questionable histories or associations. In this case, after OM’s significant decline in value (down over 90%), CZ addressed criticism regarding Binance’s role in its listing.

Listed in March 2021 on Binance’s Innovation Zone, OM was pitched as a DeFi project focused on staking, lending, and governance. It launched on Ethereum with expansion plans to BSC, Polygon, and Polkadot.

Crypto journalist Wu Blockchain warned as early as 2021, calling OM a “fraud project” linked to gambling platform 21Pink and false FTX claims—which FTX later denied.

Wu renewed their warnings after OM’s latest crash, reigniting criticism that Binance gave OM legitimacy by listing it. The community is once again debating whether Binance did enough due diligence.