CZ Distances Himself from the TST Token Again as It Uses Binance Logo

Changpeng “CZ” Zhao, the former CEO of Binance, has once again publicly distanced himself from the fast-emerging TST token.

Binance former CEO Changpeng "CZ" Zhao has once again publicly distanced himself from the fast-emerging TST token. Despite CZ and the BNB Chain team denying ownership of the token, it continues to experience a remarkable surge in value.

However, a website and an official Twitter account have been created for the TST token, both of which prominently feature the Binance logo. This prompted CZ to take to his X account to clarify that BNB Chain was not involved in setting up the website or any social media accounts for the token.

CZ distances himself from TST token

The TST token initially garnered widespread attention within the cryptocurrency community after a BNB Chain team member created an educational video to demonstrate how users can easily launch memecoins on the four.meme platform.

The TST token was created as a demonstration asset for the video and was not intended for public trading. However, following the video's release, the token experienced a massive surge in market capitalization, reaching approximately $41M before stabilizing at about $10M.

The BNB team has since deleted the TST tutorial video, and CZ clarified that the token was never an official project of Binance or the BNB Chain team.

According to Lookonchain, an early buyer of the TST token is currently sitting on a $2M profit on their investment.

Changpeng Zhao took to X (formerly Twitter) to clarify once more that he has no involvement with the TST token. Notably, his post was made in Chinese, as discussions surrounding the token appear to be more prevalent in the Chinese market, where it initially gained popularity.

My impression was that TST was mainly talked about in the Chinese communities. 🙏

I also intent to post in all languages I know in the future. AI translate is pretty easy now for readers.

— CZ 🔶 BNB (@cz_binance) February 8, 2025

CZ's statement on X comes after the discovery that the TST token now has an official website and social media account on X, both of which carry the Binance logo.

“I just heard that TST already has a website and an X account. As far as I know, neither of them is made or controlled by BNB Chain or any Binance-related team. It is controlled by someone in the community. I don’t know who it is,” CZ clarified.

CZ's post on X not only served to distance himself and the Binance team from the token but also included a warning to the team behind the TST token to cease exploiting the “connection” to Binance and stop misleading the community.

“They used Binance's logo without authorization. This is an infringement and needs to be changed,” CZ stated.

CZ went further to say that he personally has not invested in the TST token, adding that he does not buy memecoins. “Like all meme coins, I have never bought and do not own TST. Now it is a completely community behavior. Please protect yourself and be responsible for your own actions.”

Within the crypto industry, community-driven tokens are often created and propelled by community hype and enthusiasm in an organic manner. While this decentralized approach can foster innovation, it also poses certain risks to investors and to notable brands in the crypto industry.

To gain legitimacy and trust from investors, some projects may resort to using unauthorized branding, as was the case with the Hackathon G-AI, which used Solana's logo without authorization to feign endorsement.

The same appears to be happening with the newly emerged TST token and Binance.

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