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- Star Xu disputes key details in CZ’s widely known Bitcoin purchase story.
- Questions over ownership, funding, and personal disclosures add complexity.
- The controversy revives unresolved issues from the early OKCoin era.
Tensions between two of crypto’s most prominent figures have resurfaced, as Star Xu publicly questioned key details in a widely circulated story told by Changpeng Zhao. The remarks follow the release of Zhao’s recent book, where he recounts selling a property to invest early in Bitcoin—an account Xu now says leaves out critical facts.
The exchange has drawn attention across the crypto industry, raising broader questions about transparency, personal narratives, and long-standing rivalries between early exchange leaders.
Star Xu Questions the Bitcoin Purchase Narrative
Xu took aim at Zhao’s claim that he sold an apartment for around $900,000 to buy Bitcoin at roughly $400 per coin. While the story has often been cited as an example of conviction in crypto’s early days, Xu argues it lacks clarity.
According to Xu, unanswered questions remain about the source of the initial funds used to acquire the property. He also suggested the apartment may not have been solely owned by Zhao, hinting that family members—possibly in-laws—played a role.
Xu further criticized how the story has been repeatedly shared in public without acknowledging these nuances. He emphasized that such omissions could misrepresent the contributions of others involved during that period.
Personal and Legal Claims Add Fuel to the Dispute
Beyond financial details, Xu also raised concerns about inconsistencies in Zhao’s public statements regarding his personal life. He pointed to differing accounts of Zhao’s marital status, referencing past reports and public interviews.
Xu questioned whether a divorce had taken place and, if so, whether it followed proper legal procedures. Drawing comparisons to high-profile separations involving Jeff Bezos and Bill Gates, Xu suggested that transparency in such matters is standard practice among global business leaders.
He added that he would retract his claims if presented with official documentation, but warned that inconsistencies could amount to misleading the public.
Old OKCoin Dispute Resurfaces
The dispute also revived a long-standing controversy dating back to 2015, during Zhao’s time at OKCoin. Xu revisited allegations tied to a contract involving early Bitcoin investor Roger Ver.
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While Zhao has previously denied wrongdoing, framing the issue as a disagreement over leadership direction, Xu maintains that earlier evidence—including archived materials and a notarized video—still supports his position. He also rejected Zhao’s past suggestion that his account may have been compromised during the incident.
The renewed clash between Star Xu and Changpeng Zhao underscores how unresolved disputes from crypto’s early days continue to shape narratives today. While Zhao’s story has inspired many as a symbol of early conviction, Xu’s challenge highlights the importance of transparency and accountability in an industry built on trust. As both figures stand by their claims, the debate is likely to fuel further scrutiny from the crypto community.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
