Changpeng “CZ” Zhao’s memoir Freedom of Money, published on April 8, reignited the long-standing feud with OKX founder Star Xu. In the book, CZ details the contract dispute at OKCoin, claiming that competitors spread fear, uncertainty, and doubt (FUD) and portrayed him as an incompetent technical director.
Heavy Claims Against Star Xu in CZ’s Freedom of Money
The book mentions that Huobi founder Leon Li said Xu reported him to the authorities in 2025. CZ reveals the behind-the-scenes of early competition with these claims. It also addresses accusations related to Justin Sun, arguing that Sun distorted market manipulation claims in the context of SUN futures.
Star Xu’s Harsh Response on X and 2015 Documents
Xu described CZ as a “habitual liar” on the X platform, denied the claims in the book, and reshared OKCoin’s 2015 documents. Xu argued that CZ distorted his tenure at OKCoin, the contract dispute with Roger Ver, market manipulation claims, and Justin Sun accusations.
OKX’s 2020 Withdrawal Suspension and Huobi Comparison
The book also compares OKX’s (then OKEx) five-week withdrawal suspension in 2020, claiming Xu was under “soft detention” in China and held the wallet keys alone, with Huobi not suspending withdrawals in a similar incident. CZ has not responded to Xu’s recent posts as of publication time. Cointelegraph reached out to both but received no response.
Market Impact: ALT Downtrend and Support Levels
While this feud heats up competition between crypto exchanges, ALT detailed analysis signals a downtrend in the market. Price: $0.01 (-0.06% 24s), RSI: 49.99. Strong supports S1 $0.0059 (69/100, -12.72%), S2 $0.0065 (65/100). Resistances R1 $0.0069 (86/100, +2.07%). Supertrend bearish, EMA20 $0.0066. Investors should be cautious for ALT futures; ALT may remain weak under BTC dominance.
- Trend: Downtrend (Supertrend Bearish)
- Support Sources: Fibo 0.000, Donchian Lower
- Resistance Sources: BB Upper, SMA 50
Source: https://en.coinotag.com/czs-book-reignites-feud-with-star-xu
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