Tesla CEO Elon Musk has rejected a viral post claiming he faulted Binance's 80% share for slowing crypto. On Saturday he called the quoted remarks invented, after Binance founder Changpeng Zhao, known as CZ, labeled the post false. The post had urged users to shift holdings to competing platforms during the aftermath of a hack worth about $6.3 billion. An influencer account posted the claim without citing any source. About an hour later CZ told it to stop spreading falsehoods, attaching a reply from Grok, the X chatbot, which found no such post on Musk's profile. Musk then wrote in the same thread that he never posted anything similar. Musk's reach on X can shape sentiment within hours, the report says.
Why it matters: The episode shows how a single unsourced post about the largest exchange can reach users quickly, since even fabricated claims can shape sentiment within hours.
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