Jim Cramer’s recent tweet advising investors to stay away from Binance has provoked a strong reaction from Twitter users.
The warning came after the CFTC charged Binance with violating trading and derivatives regulations in a lawsuit filed in federal court.
Cramer has long been skeptical of the cryptocurrency market and has warned investors about its risks. Binance CEO Changpeng Zhao responded sarcastically to Cramer’s tweet with an emoji of a folded hand.
Twitter users brought up past recommendations made by Cramer, including the collapse of Silicon Valley Bank.
Binance facilitates trades in cryptocurrenciess like Bitcoin, Ether, Litecoin, Tether, & Binance USD. Earlier this month, Cramer said he would sell his Bitcoin “right into the rally”.