Skip to main content
Back to news
Adoption

Solana Advertisement Removed After 10 Minutes in Shanghai, Critics Point to CZ

(2 hours ago) · 1 source · Summarized by CryptoBipto

A Solana advertisement displayed in Shanghai, China was reportedly pulled down after just 10 minutes. Some critics in the crypto community have blamed Binance co-founder Changpeng Zhao (CZ) for the removal, though the exact circumstances remain unclear.

WHY IT MATTERS

This story touches on two important topics for anyone learning about crypto. First, China has banned most cryptocurrency activities, meaning advertising crypto projects there is very unusual and likely to attract regulatory attention — similar to trying to advertise something that is not permitted in a particular country. Second, the crypto industry has major competing ecosystems (like Solana and Binance's BNB Chain), and rivalries between them can lead to unverified accusations. For newcomers, this is a reminder that claims made on social media about who caused what should be treated with skepticism unless backed by evidence.

According to reports, a Solana-related advertisement was briefly displayed in Shanghai before being taken down after approximately 10 minutes.

Read the full analysis with a CryptoBipto membership

Members can read the full analysis of every story, not just the headline.

Get started

SOURCES

  • beincrypto.com

RELATED

SOLBNBCrypto AdvertisingChina RegulationIndustry RivalriesSolana Ecosystem