Changpeng "CZ" Zhao, co-founder of Binance, has publicly disavowed all Telegram accounts bearing his name, stating that they are all fake. The crypto mogul explained that he finds the platform "unusable" due to the overwhelming volume of spam messages he receives, which causes his phone to lag significantly. His public statement on X, formerly Twitter, has brought attention to the persistent issue of impersonation and spam on the messaging app.
<h2>Telegram CEO Responds with New Feature</h2>
[embed]https://twitter.com/cz_binance/status/1970177939929960720[/embed]

In a surprising turn of events, Telegram CEO Pavel Durov responded directly to CZ's criticism. Durov acknowledged that feedback from high-profile users like CZ had been a key factor in the development of new features designed to combat spam and enhance user privacy. The new update allows users to charge a fee for direct messages from people not in their contact list, using Telegram's in-app <a href="https://www.cryptoknowmics.com/news/ray-dalio-on-cryptos-path-to-mainstream-currency/" target="_blank" rel="noopener">currency</a>, "Stars." This feature is intended to serve as a filter, protecting high-profile accounts from unwanted messages and offering a new way for creators to monetize their popularity.
<h3>A Solution with Limitations?</h3>
While one netizen praised the new paid messaging feature as a clever solution to CZ's problem, others are skeptical. Critics argue that the maximum fee of <b>10,000 Stars ($130)</b> may not be a sufficient deterrent for determined scammers. This highlights the ongoing battle between platform developers and bad actors in the digital space. The exchange between CZ and Durov showcases a rare instance of direct feedback from a prominent user influencing platform development, although the effectiveness of the solution remains to be seen.

CZ Denounces Fake Telegram Accounts, Citing Platform's Spam Issues

Binance co-founder CZ publicly disavows all Telegram accounts in his name due to excessive spam, prompting a response from Telegram's CEO.

CZ Denounces Fake Telegram Accounts, Citing Platform's Spam Issues

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