In the cryptocurrency industry, every storm can stir up waves. Recently, the exposure of an internal letter from Binance Exchange has caused an uproar. It is reported that in this letter, Zhao Changpeng, the founder of Binance, criticized his peers for their bad moves. This incident is not only shocking, but also caused people to think deeply about the entire industry.

As one of the world's largest cryptocurrency trading platforms, Binance Exchange has always attracted much attention. However, this internal letter exposure incident has made people see the open and secret struggles and intrigues within the industry. Zhao Changpeng's criticism is undoubtedly a revelation and criticism of the chaos in the industry. This has also triggered widespread discussion and reflection.

In this internal letter, Zhao Changpeng bluntly criticized the attack methods adopted by some peer companies. He pointed out that these bad moves are not only contrary to industry norms, but also damage the reputation and trust of the entire industry. This kind of infighting is not only not conducive to the healthy development of the industry, but also makes investors feel uneasy and panic. Zhao Changpeng's attitude is firm. He called on all parties in the industry to work together to jointly maintain a healthy development environment for the industry.

What is the deep reason behind this incident? The cryptocurrency industry has always been a field full of competition and challenges. In this highly technological and information-based industry, competition is increasingly fierce, and companies are competing for market share and user resources. In this case, some companies may take unfair means to gain competitive advantages, which also leads to vicious competition within the industry.

However, vicious competition will not work after all. In this era of highly transparent information, any improper behavior will be exposed, and ultimately it will damage their own reputation and interests. Zhao Changpeng's criticism is undoubtedly a warning and call for this vicious competition phenomenon. He hopes to alert the industry through this incident and urge all parties to work together to create a healthier and more sustainable industry environment.

In this cryptocurrency industry full of variables and challenges, integrity and norms are crucial. Only by abiding by the rules and adhering to integrity can we win the trust of the market and users. As the leader of the industry, Binance Exchange should shoulder the responsibility of leading and regulating the development of the industry. Zhao Changpeng's criticism is undoubtedly a responsibility and expression of this responsibility.

In summary, the reflection and discussion triggered by the exposure of the internal letter of Binance Exchange is of great significance. This is not only a revelation and criticism of the chaos in the industry, but also a guidance and regulation of the direction of industry development. It is hoped that this incident will attract the attention of all parties in the industry, and that they will work together to create a healthier and more sustainable cryptocurrency industry.

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Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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Note: The above exchange logo is the official website registration link, and the text is the APP download link.

() An internal document shows that the company's CEO Zhao Changpeng criticized Chinese competitors, saying that they "tried to attack" Binance, and told company employees that Binance would defend itself. However, Zhao Changpeng did not name the competitors.

The internal letter is available in both Chinese and English, and its authenticity has been confirmed by multiple Binance employees. The content begins by stating that Binance's mainland China competitors "used unprofessional methods and tried desperately to attack us."

Zhao Changpeng then accused competitors of launching distributed denial of service attacks (DDoS), encouraging fake Binance users to protest against the exchange, spreading "fake news" about Binance, and organizing people to report Binance to the local public security bureau (police station).

 Zhao Changpeng listed points in the letter to accuse competitors:

1. Conducted distributed denial of service attacks (DDoS). We have handled it well.

2. Mobilized fake protesters and took photos. There is only one real user in this group, but he is now publicly supporting us.

3\. Send blackmail, fake news, etc.

4\. Mobilize people to report us to the local public security bureau. We have the connections to deal with it.

It is not new that Binance competes with other mainland China cryptocurrency exchanges such as CoinMarketCap. Binance Chief Marketing Officer He Yi has repeatedly claimed on social media and private chat groups that Binance's competitors are trying to attack Binance by spreading fake news and paying the media to send unfavorable reports.

In a letter to employees, Zhao Changpeng said that the reason these competitors attacked Binance was because they mistakenly believed that Binance did not have "strong government relations" in China. The letter reads,

They think this will hurt us and that we do not have strong government relations in China. But both ideas are wrong. We have never actively attacked others, but we will definitely defend ourselves, including defensive attacks and defenses.

It is not clear what prompted Zhao Changpeng to issue the notice, but some unfavorable news about Binance has been circulated in mainland China.

China's official media CCTV reported earlier this month that Binance still allows local users to trade cryptocurrencies through binancezh.ac. However, Binance has denied its authenticity, claiming that it was just a test page and most of the users were from Egypt. However, the incident may have made some Binance employees nervous. Zhao Changpeng has told employees, "Don't worry too much."