Friday, February 3, 2023

John McAfee Apologizes to Binance CEO, Walks Back Outage FUD

John McAfee Apologizes to Binance CEO, Walks Back Outage FUD

When Binance cryptocurrency exchange went down for unscheduled repairs last week, many in the cryptoverse jumped to the worst possible conclusions. Among that lot included firebrand crypto pundit John McAfee, who contributed to the panic in suggesting Binance had been hacked. Now, McAfee is apologizing.

Also see: Israel’s Diamond Exchange Is Introducing Two New Cryptocurrencies

Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts

McAfee: “Forgive Me”

When Binance began experiencing server issues on February 7th, exchange officials were forced to immediately shutter operations while a data resync was completed.

In being a “king of the hill” right now when it comes to cryptocurrency exchanges, Binance has a heightened amount of attention and pressure to perform. This attention and pressure turned to full-blown paranoia for many during the resync, as rumors quickly spread that Binance had been hacked.

Binance CEO Changpeng Zhao consistently updated the community during the incident, repeatedly clarifying no hack had occurred.

But the “hack” narrative continued to build up steam, which then gained a major boost as McAfee spotlighted the allegation.

Zhao called McAfee out on Twitter, accusing the former cybersecurity researcher of inciting FUD (“Fear, uncertainty, doubt”) and declaring that “we will prove you wrong.”

Zhao pictured.

And that’s precisely what the Binance team did, as the resync was formally completed on February 9th.

Days later, McAfee’s issued a correction to his previous comments.

Zhao took it in stride, saying:

“All good man! Drinks on me when we meet.”

Is That Really Him?

By now, the cryptoverse has become well acquainted with McAfee’s bombastic, even unapologetic, personality. Which is why some in the space suggested the aforementioned apology to Zhao was actually the result of a hack.

And, while there’s no reason to think the apology was from a hack, as McAfee hasn’t declared his Twitter account compromised, the suggestion does highlight the dozens of fake profiles that have been cropping up as of late.

Many of these profiles are trying to pump and dump specific coins or solicit cryptocurrency donations under the guise of McAfee’s profile. Needless to say, the crypto’s biggest personality is crying foul:

What’s your take? Are you surprised at the apology, or was it clear that one was needed? Sound off in the comments below.

Images via The Verge, Us Watchup

Bitsonline Email Newsletter