24/7 Cryptocurrency News

Just In: Binance Executive Warns Jim Cramer Over Wild Accusation

Crypto market skeptic Jim Cramer has been coming down heavily in criticism of Binance in the wake of the SEC lawsuit.
Published by
Just In: Binance Executive Warns Jim Cramer Over Wild Accusation

Crypto Market News: Long term crypto market skeptic Jim Cramer has been coming down heavily in criticism of Binance in the wake of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchange. The CNBC host went to the extent of calling the exchange a sham. However, he also hinted that the Coinbase SEC lawsuit was to an extent biased when compared with the Binance lawsuit. Earlier, CoinGape reported that the lack of charges against Coinbase CEO Brian Armstrong was a major difference between the two cases.

Also Read: Binance & Coinbase Witness $600Mn In Net Outflows As Investors Lose Trust

In a latest, Cramer made yet another comment on the state of Binance in the lawsuit, to which the Binance management reponded aggressively. The CNBC host was asked to back his FTX related comparison with evidence as the exchange could later on ‘revisit’ the accusations.

Advertisement

Jim Cramer’s Comparison Of Binance With FTX

On Tuesday, Cramer was highly critical of Binance and Coinbase’s businesses, in the context of the back to back lawsuits from the SEC. Stating that investors should withdraw funds from Binance, he also compared the exchange’s position with that of fallen crypto exchange FTX. Apparently, this has not gone down well with the Binance leadership. Patrick Hillmann, the Chief Communications Officer at Binance, warned Cramer over his wild comparison.

“Hey Jim Cramer, We will eventually revisit your on-air claims yesterday that we are guilty of the same crimes that FTX is accused. I hope you have some evidence of that.”

Earlier on Wednesday, Jim Cramer continued his criticism of the crypto market, as two of the world’s top crypto exchanges have been targeted in quick succession.

Meanwhile, the Bitcoin price continues to maintain the 24 hour gains despite the frenzy over the legal action.

Also Read: Shiba Inu Releases Much Awaited Rocket Pond Trailer; Will SHIB Price Recover?

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025
  • Bitcoin News

U.S. Treasury To Ease Tax Rule on Unrealized Bitcoin Gains, Aiding Saylor’s Strategy

The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease…

October 1, 2025
  • 24/7 Cryptocurrency News

Trump-Backed World Liberty (WLFI) Plans RWA Tokenization Paired with USD1 Stablecoin

Trump Family's World Liberty Financial has unveiled big real-world asset (RWA) tokenization plans on Wednesday,…

October 1, 2025
  • 24/7 Cryptocurrency News

Stripe Eyes U.S. Banking Charter, Pioneers One-Click Stablecoin Issuance for Firms

Fintech giant Stripe has unveiled a suite of tools to enable businesses to tap into…

October 1, 2025
  • 24/7 Cryptocurrency News

Breaking: Metaplanet Expands Treasury With 5,268 BTC Purchase, Climbs to 4th Largest Holder

Metaplanet has expanded its Bitcoin portfolio with another purchase. The Tokyo-listed firm is now the…

October 1, 2025