Changpeng Zhao faces backlash for discussing Ronaldinho's new token launch. The STAR10 token's price surge raises trader concerns. Zhao clarifies the token's availability only on Binance China.
Changpeng Zhao (CZ), the former CEO of Binance, has faced a wave of criticism for mentioning the new token by Ronaldinho, the former Brazilian football star. Ronaldinho announced the launch of his token named STAR10 on March 3 on the X platform, offering fans a chance to be part of history and enjoy special benefits. However, after the launch, the token’s price surged significantly, raising concerns among traders. Zhao clarified that the STAR10 token is only available on Binance China and has no commercial relationship with Binance or its subsidiaries. Despite his explanation, critics reacted negatively, accusing Zhao of indirectly endorsing the token and urging him to refrain from commenting.
