Binance to John Mcafee: Blockchain Public Ledger Disproves Your FUD

Eager to garner some attention on social media, controversial cryptocurrency loudmouth John McAfee played journalist and flung FUD at popular exchange Binance, following their unforeseen outage. It didn’t end well for McAfee. Late in the evening on Feb. 7th, Binance unexpectedly closed its doors after experiencing unforeseen server issues. Though not a pleasant situation for day […]
Adam James
Posted by Adam James February 9, 2018 3 Mins Read
Eager to garner some attention on social media, controversial cryptocurrency loudmouth John McAfee played journalist and flung FUD at popular exchange Binance, following their unforeseen outage. It didn’t end well for McAfee. Late in the evening on Feb. 7th, Binance unexpectedly closed its doors after experiencing unforeseen server issues. Though not a pleasant situation for day […]

Eager to garner some attention on social media, controversial cryptocurrency loudmouth John McAfee played journalist and flung FUD at popular exchange Binance, following their unforeseen outage. It didn’t end well for McAfee.

Late in the evening on Feb. 7th, Binance unexpectedly closed its doors after experiencing unforeseen server issues. Though not a pleasant situation for day traders or anyone with large amounts of liquidity on the popular exchange, the company kept users abreast of the situation with an update:

Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC).

Our team is working hard to complete this upgrade as quickly as possible. We will make an announcement to all users if completed ahead of schedule.

Withdrawals and trading during this period will remain suspended. We apologize for any inconvenience caused and thank you for your patience.

Despite the clear communication from Binance, some opportunistic FUDsters jumped at the opportunity to garner some of the spotlight—including controversial cryptocurrency bull John McAfee.

Posing as a journalist seeking only to keep his followers as up-to-date as possible, McAfee tweeted the following:

If you’ve learned anything from McAfee’s Twitter account over the past few months, it’s that you shouldn’t believe his rumor-based speculation. Binance was certainly having none of it and quickly put McAfee in his place by professionally tweeting:

Still, McAfee persisted, eager to fling FUD at a communicative, professional, and clearly not-hacked Binance. Again, playing journalist, McAfee poses some totally hard-hitting (but definitely not hard-hitting) questions to the company:

And comment they did:

Binance’s professional responses to McAfee—a notoriously vocal figure in the cryptocurrency space, accused of extorting altcoins after promoting them on Twitter, pumping and dumping coins, and having his Twitter account hacked—should be commended both for their professionalism and for rendering McAfee’s tweets entirely pointless. As someone who claims to be one of the biggest blockchain proponents in the industry, McAfee shouldn’t have even needed the reminder that a public ledger is only a few clicks away.

Binance

Checking Binance’s wallet address indeed confirms that funds are safe. They currently hold over 32,230 BTC, which is worth roughly $255 million. Though that is just Bitcoin, it’s reasonable to assume all other cryptocurrency holdings are also safe.

At the time of this writing, Binance is wrapping up its final preparations before once again going live, and investors can happily chalk this one up as a loss for McAfee.

What do you think of McAfee’s tweets to Binance, and how do you feel about the company’s response? Have you been affected by Binance’s outage? Let us know in the comments below!

Images courtesy of Flickr/@NullSession, Twitter/@official cafee, Twitter/@binance_2017, and Bitcoinist archives.

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