Okex CEO Takes A Hit At CZ Again, Says “It’s Irresponsible To Predict Prices..”


The Chief Executive Officer of Okex, Jay Hao has taken to his Twitter handle again to comment on CZ speculating on future price directions and movements. According to Hao, as an exchange operator, the act is irresponsible and misleads exchange’s customers. This is the second time in a week that Jay has made CZ the topic of his tweets, the case of which is always followed by controversy among respective exchange users.

Jay Hao, earlier in the week, offered to help CZ restored a platform issue which leads to Binance shutting down operations. Moreover, It includes trading and withdrawals on the platform. On getting the supposed offer, CZ reacted in a rather undesired manner by blocking off Jay Hao on Twitter. The issue got major attention as Jay Hao took to his twitter handle to inform the community of the aftermath of his supposed goodwill.

Too Many System Failures At Binance

Binance, within the last two weeks, has seen a multiplicity of system downtimes and corresponding upgrades. In all cases, the popular cryptocurrency exchange shut down its trading activities for an average of four hours. However, the community became restless of such a system break down amid insinuations that Binance was involved in manipulations. 

Towards mid-day of Wednesday 19th February 2020, CEO of Binance, Changpeng Zhao announced unscheduled system maintenance that Binance was undergoing. And due to the said maintenance issues, trading activities were said to have been paused until further notice. 

As at the time, the undescribed maintenance effort was still in progress as the CEO of Binance keeps updating its customers with the situation report. In a series of tweets following the official announcement, CZ maintains that the maintenance process does not affect its futures trading platform. As well as, normal trading activities are actively ongoing there. The CEO said that Binance’s P2P and most other trading services have been paused, while its futures trading platform is still working with the help of separate order matching engine. 

Jay Hao Plays Publicity Games

But even as Jay tries to publicize his blocking, users complain of OKEx’s complex user interface. A user in Twitter said:

OKEx user interface is not friendly. This is the only matter that keeps me away from OKEx. Fix this and I put my money in your exchange no joke.”

Meanwhile, Larry Cermak is outing Jay Hao’s and OKEx’s attempt to make their CEO an influencer. He claims that the exchange’s VP of Influencer Marketing is paying people for comments and retweets.

“If you’re wondering why OKEx CEO Jay Hao (@JayHao8) gets more likes/RTs on some nonsense tweets. It’s because OKEx’s VP of Influencer Marketing is literally paying people $0.50 per comment, RT and like. That’s how they want to make him “the next BIG name in crypto””

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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