Binance founder CZ: Paying to smear competitors will only damage one's own trust

Binance founder CZ posted on X that spreading FUD to smear competitors for a fee would damage the credibility of one's own exchange. He stated that it is worth pondering whether users are willing to entrust their crypto assets to companies that engage in unethical business practices.

CZ also mentioned that such behavior would undermine users' trust in the relevant exchanges and could indirectly provide promotional effects for the smeared competitors, even though this method may be distasteful.