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MainNewszkSync Slump...

zkSync Slumps: OKX CEO Offers Counter-Narrative


Jun, 15, 2024
< 1 min read
by CoinEdition
zkSync Slumps: OKX CEO Offers Counter-Narrative
  • zkSync faces backlash after airdrop, labeled a “scam” by some.
  • OKX CEO Star Xu questions the criticism, citing airdrop disappointment.
  • Industry leaders like Justin Sun and Binance’s He Yi join the debate.

OKX CEO Star Xu has questioned the growing criticism surrounding zkSync, a layer-2 scaling solution for Ethereum. Many have accused zkSync of being a “scam,” particularly in the wake of its recent airdrop. Xu, however, has raised the possibility that this backlash might stem from disappointment over the airdrop’s distribution.

The post on X (formerly Twitter) came in response to a message posted by influencer Sarkesh, a prominent voice on the X platform. In a post dated June 14, Sarkesh asserted that zkSync is “trending as the biggest scammer.” Adding that zkSync is no longer considered the best layer 2 network, Sarkesh stated, “Not only will we not use your network for the rest of our lives, we will do everything to destroy you.”

The post zkSync Slumps: OKX CEO Offers Counter-Narrative appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Binance Freezes $5.3M Funds Aligning with Investigation on BtcTurk Exploit

Binance Freezes $5.3M Funds Aligning with Investigation on BtcTurk Exploit

Binance CEO Richard Teng announced the crypto exchange’s alliance with the largest Tu...
Jun, 23, 2024
< 1 min read
by CoinEdition
Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

In the past week and a half, the crypto markets have shown a bearish trend, suggestin...
Jun, 23, 2024
by Bitcoin News
MainNewszkSync Slump...

zkSync Slumps: OKX CEO Offers Counter-Narrative


Jun, 15, 2024
< 1 min read
by CoinEdition
zkSync Slumps: OKX CEO Offers Counter-Narrative
  • zkSync faces backlash after airdrop, labeled a “scam” by some.
  • OKX CEO Star Xu questions the criticism, citing airdrop disappointment.
  • Industry leaders like Justin Sun and Binance’s He Yi join the debate.

OKX CEO Star Xu has questioned the growing criticism surrounding zkSync, a layer-2 scaling solution for Ethereum. Many have accused zkSync of being a “scam,” particularly in the wake of its recent airdrop. Xu, however, has raised the possibility that this backlash might stem from disappointment over the airdrop’s distribution.

The post on X (formerly Twitter) came in response to a message posted by influencer Sarkesh, a prominent voice on the X platform. In a post dated June 14, Sarkesh asserted that zkSync is “trending as the biggest scammer.” Adding that zkSync is no longer considered the best layer 2 network, Sarkesh stated, “Not only will we not use your network for the rest of our lives, we will do everything to destroy you.”

The post zkSync Slumps: OKX CEO Offers Counter-Narrative appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Binance Freezes $5.3M Funds Aligning with Investigation on BtcTurk Exploit

Binance Freezes $5.3M Funds Aligning with Investigation on BtcTurk Exploit

Binance CEO Richard Teng announced the crypto exchange’s alliance with the largest Tu...
Jun, 23, 2024
< 1 min read
by CoinEdition
Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

Crypto’s Stagnant Summer: Analysts Say ‘Boring’ Markets May Set Stage for Eventual Price Surge

In the past week and a half, the crypto markets have shown a bearish trend, suggestin...
Jun, 23, 2024
by Bitcoin News