CryptoQuant CEO Defends Binance’s CZ: His Achievements Far Outweigh Mistakes Amid Industry Growing Pains

CryptoQuant CEO Ki Young Ju emphasized on social media the importance of not underestimating CZ, highlighting the respect he deserves. When an industry’s intrinsic value falls short of the capital it consumes, society often labels it negatively. In such scenarios, influential figures are frequently held accountable for the sector’s shortcomings. Although numerous individuals have erred, few take responsibility for the industry’s perceived “sins.” From a mature societal viewpoint, the crypto sector bears numerous “sins,” absorbing substantial capital without proportional growth in intrinsic value. Like other nascent industries, it grapples with growing pains, including rampant crime.

Binance co-founder and former CEO CZ’s four-month detention is nearing its end. While he has made mistakes, his situation symbolizes the industry’s challenges. CZ is a commendable entrepreneur whose platform has significantly contributed to the global liquidity of the crypto market. It’s crucial to differentiate between his positive contributions and his mistakes. “In my view, CZ’s accomplishments far outshine his errors. With his fine paid and his detention concluding, the industry needs to start evaluating him from a fresh perspective.”