Musk Debunks Rumor: Never Criticized Binance's 80% Market Share, Related Remarks Fabricated

According to TechFlow, on November 7, Elon Musk responded on X to a rumor about Binance, saying he had never written anything like that and that it was fabricated.

Earlier, X user @MartiniGuyYT posted that Musk criticized Binance for holding 80% of the crypto market share and dragging down industry development, urging users to move funds to other exchanges to restore competition and create conditions for a bull market.

Binance founder CZ later replied to the post, warning against spreading misinformation and attaching a screenshot from Grok showing that Musk had never made such remarks. Musk confirmed in a reply to CZ that the remarks were fabricated.

Source: TechFlow