Binance CEO Changpeng Zhao Slams ''Shameless'' Nouriel Roubini Over Use Of Binance Logo As Legendary Economist Launches Crypto Token

Binance CEO Changpeng Zhao Slams ”Shameless” Nouriel Roubini Over Use Of Binance Logo As Legendary Economist Launches Crypto Token

ByLockridge Okoth

Updated: 08 November 2023

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Binance CEO Changpeng Zhao took to X to call Nouriel Roubini “shameless“ for using the Binance logo and name on his website as the legendary economist and crypto critic launched his own crypto token.

“Some people are shameless,” Zhao said. “After attacking Binance publicly on stage a year ago, now issues a token and puts Binance logo on their website WITHOUT permission.”

Some people are shameless.

After attacking Binance publicly on stage a year ago, now issues a token and puts #Binance logo on their website WITHOUT permission. 🤡🤷‍♂️😂 pic.twitter.com/WENaTO4tE4

— CZ 🔶 BNB (@cz_binance) November 7, 2023

Roubini, famous for predicting the 2008 global financial crisis and often called “Dr Doom“ for his pessimistic views, is an economist who is behind the Atlas Climate Token (ACT). The project creates a tokenized financial instrument to transform climate finance and promote asset safety.

ACT is promoted as a digital store of value and claims to protect populations in developing countries from the volatility of local currencies.

The Atlas website has already deleted the Binance logo from its main website, but mentions that some team members have previously worked at Binance. Other contributors to the project include Wall Street giants BlackRock and Goldman Sachs.

Roubini Slammed Binance And Zhao

Zhao and Roubini have history and Zhao’s attack on the economist may stems from Roubini’s hostility towards the largest cryptocurrency exchange by trading volume.

That sounds exactly like SBF when he played LOLR for crappy crypto scams. CZ even shadier than SBF!

CZ Binance reveals to collaborate with major Crypto players to form “Recovery Fund” to help some losses. The announcement is vague and have to wait for more details – Bloomberg

— Nouriel Roubini (@Nouriel) November 14, 2022

During the November Abu Dhabi Finance Week 2022 forum, Roubini said the crypto exchange was a “walking time bomb” .

In an interview with CNBC Middle East, the economist expressed his distaste after Zhao’s crypto trading firm secured a UAE license as the crypto industry reeled from FTX’s collapse.

"This is an ecosystem that is totally corrupt… I can't believe @cz_binance has a license to operate in the UAE," @Nouriel tells CNBC's @dan_murphy on stage at Abu Dhabi Finance Week. pic.twitter.com/3BGEMfx7zc

— CNBC Middle East (@CNBCMiddleEast) November 16, 2022

The economist also raised questions over Zhao’s failure to say where Binance’s headquarters is located. He described the crypto industry as having “concealed, corrupt, crooks, criminals, con men, carnival barkers, and finally, CZ,” using the initial’s for Zhao’s nickname.