
Binance CEO Changpeng Zhao unfollowed Ark Invest’s Cathie Wood after her comments linking Binance’s October 11 outage to Bitcoin’s recent price weakness.
Changpeng Zhao (CZ), founder of Binance, unfollowed Ark Invest CEO Cathie Wood on social media after her Fox Business interview, where she attributed Bitcoin’s recent weakness to the October 11 Binance outage. Wood suggested that the outage, which triggered a $28 billion deleveraging event, was a key factor in Bitcoin's short-term decline. CZ’s action follows this public disagreement.