tl;dr
OKX's X Layer spokesperson Felix Fan was abruptly fired amid rumors of a conflict of interest, sparking tensions with rival Binance. The move has fueled speculation about internal disputes, Binance's interference, and a rumored meme coin bet gone wrong. X Layer's community remains divided as the sit...
**OKX and Binance Feud Escalates as Spokesperson Felix Fan Is Sacked**
The crypto community is abuzz with confusion and speculation following the sudden dismissal of Felix Fan, the prominent spokesman for OKX’s X Layer, a Layer 2 blockchain network. The abrupt termination has sparked distress among users, fueled rumors, and intensified tensions between OKX and its rival, Binance.
### A Sudden Exit and Vague Justifications
Felix Fan, who served as X Layer’s “Builder #001” and official spokesperson since the project’s launch last year, was abruptly removed from his role. X Layer’s statement cited a “conflict of interest” and “ethical violations,” but the reasons remain unclear. Fan has remained silent, leaving the community to speculate about the true cause.
The move has left many questioning OKX’s transparency. Fans and supporters of X Layer, which has gained traction for its meme coin XDOG, expressed disappointment, with some suggesting the decision was premature or politically motivated.
### Binance Accusations and a Lingering Rivalry
OKX President Hong Fang’s recent social media post has added fuel to the fire. While not explicitly naming Binance, Fang criticized a “certain competitor” for allegedly poaching OKX talent with “tempting offers” and then discarding employees. Given the context, the target is widely speculated to be Binance, the world’s largest crypto exchange.
This accusation has reignited a low-level feud between OKX and Binance, which has seen periodic clashes over market dominance and innovation. While the claim of a “dedicated poaching campaign” remains unproven, the timing of Fan’s dismissal and Fang’s remarks have led many to connect the dots.
### Meme Coin Drama and Unverified Rumors
Amid the confusion, a rumor has circulated about a friendly bet between Fan and OKX CEO Jay Huang involving meme coins. According to a deleted post shared by a supporter, Fan wagered that XDOG, X Layer’s top-performing meme coin, would outperform a Binance product. When XDOG plummeted, Fan allegedly congratulated Binance’s CEO, Changpeng Zhao (CZ), on the trade. The post, now removed, has been described as a potential catalyst for the conflict.
While the details remain unverified, the narrative highlights the volatile nature of crypto communities, where personal rivalries and speculative bets can quickly escalate into broader disputes.
### Uncertainty Looms Over OKX’s Reputation
The incident has left many questions unanswered. Was Fan’s dismissal a result of internal disputes, Binance’s interference, or something else entirely? The lack of clarity has angered OKX supporters, who fear the exchange’s handling of the situation could damage its reputation.
As the crypto world watches, the fallout could have far-reaching implications. If Binance is indeed involved, it may further strain relations between the two giants. Meanwhile, OKX faces pressure to provide transparency to quell growing discontent.
For now, the situation remains shrouded in ambiguity, with the community left to navigate a web of rumors and unconfirmed allegations. One thing is clear: the rivalry between OKX and Binance shows no signs of cooling down.
*Stay tuned as more updates emerge.*