Safety

Elon Musk Denies Urging Binance Users to Move Their Funds

November 7, 2026, 9:59 AM UTC (2 hours ago) · 1 source · Summarized by CryptoBipto

Elon Musk has publicly stated that he never encouraged Binance users to move their funds. The denial appears to be a response to a fabricated quote attributed to him that circulated online, reportedly also involving former Binance CEO Changpeng Zhao (CZ).

WHY IT MATTERS

In the crypto world, famous people's words can have a big impact on what users do with their money.

Read the full analysis with a CryptoBipto membership

Members read why every story matters and the full analysis behind it.

Join CryptoBipto Member sign-in

SOURCES

beincrypto.com

MisinformationCrypto ScamsBinanceSocial Media

Learn the concepts behind this

Clear explanations of the subjects this article touches, with every term defined.

How do crypto scams work, and how do you avoid them?The common crypto scams and attacks explained in simple terms — phishing, rug pulls, Ponzi schemes, market manipulation — and the risks worth checking before you act.