CZ Unfollows Cathie Wood Amid Bitcoin Sell-Off Debate

Changpeng Zhao (CZ), the CEO of Binance, has unfollowed Cathie Wood, the founder and CEO of ARK Invest, on X. This action comes after Wood suggested that the recent downturn in Bitcoin's price was a consequence of the deleveraging effects stemming from a "10/11 Binance software glitch."

Wood previously stated in a Fox Business interview that the persistent weakness in Bitcoin over the past few months was linked to the ripple effects of approximately $28 billion in forced deleveraging that followed a significant software issue at Binance on October 11th.

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