Binance Founder CZ Makes Major Warning Against These Altcoins, Here’s What to Buy Instead

Former CEO and Binance founder Changpeng “CZ” Zhao has once again issued a stern warning to crypto traders, this time targeting the growing wave of meme coin scams that have flooded the market.

In a post shared on October 20, CZ cautioned investors to stay vigilant as bad actors exploit social media platforms, including verified X (formerly Twitter) accounts, to promote fraudulent meme tokens. According to CZ, the ongoing meme coin mania has created an environment where scammers can easily prey on traders.

Amid these warnings and market shakeups, one project is quickly emerging as the go-to choice for cautious investors, PayDax Protocol (PDP) . With its innovative approach to banking and a projected 100x ROI, PDP is restoring confidence among investors weary of deceptive meme coin schemes.

Meme Coin Scams Explode Across Social Media

One of the most notable recent incidents involved BNB Chain’s official X account, which was hacked and used to promote a counterfeit meme coin through a fake airdrop. The attackers lured unsuspecting traders into buying the token, only to drain liquidity and disappear with the funds.

Ironically, the BNB community responded by briefly pumping the token’s price by 500% to mock the hackers. Another incident hit the PancakeSwap China account, where scammers launched a fake “Sir Pancake” token.

Despite the warnings, the fraudulent coin still amassed nearly $20 million in trading volume within hours before collapsing. Similar attacks have targeted the accounts of global celebrities like Drake and luxury brand Dior, both used to promote fake tokens that generated millions in trading volume before being abandoned.

PayDax Protocol (PDP) Is the Best Bet For Investors

As investors make sense of the ongoing scams and rugpulls in the memecoin communities, PayDax has been revered to be the best option for the Binance community members. Built on Ethereum, PayDax aims to recreate the decentralized banking space, allowing investors to access loans without selling assets.

Users can pledge cryptocurrencies like cryptos as collateral to access stablecoins with flexible LTV ratios of up to 97%. The model extends to real-world assets, allowing luxury watches verified by Sotheby’s, gold secured by Brinks, or even prime real estate to be tokenized.

PayDax empowers lenders to earn up to 15.2% APY by funding overcollateralized loans without intermediaries taking a cut. Its Redemption Pool acts as decentralized insurance, rewarding stakers up to 20% APY for covering defaults. For advanced users, leveraged yield farming offers returns surpassing 40% APY.

Why Binance’s CZ Warning Pushes Investors Toward PDP

Binance founder CZ’s warning against unreliable altcoins has redirected investor attention toward projects with transparency and trust, which define PayDax. Many DeFi projects make big promises but lack the credibility to back them up, while PayDax stands out through verified partnerships and real-world use cases.

PDP assets are authenticated by Christie’s and Sotheby’s, with storage handled by Brinks, ensuring top-tier security for tokenized collectibles, gold, and real estate. Meanwhile, Chainlink oracles and Jumio KYC verification guarantee accurate pricing and fraud prevention, giving PayDax an institutional-grade edge.

PayDax also integrates MoonPay for seamless fiat-to-crypto conversions and Prosegur for secure custody services. Backed by a fully doxxed team, regular AMAs, and an Assure DeFi audit , PayDax proves its commitment to long-term sustainability, making it a trusted refuge for investors seeking real value in a risky market.

The Safer Bet for the Next Bull Run

As investors become vigilant on Binance founder CZ’s warning, PayDax Protocol (PDP) emerges as the safer, smarter bet among altcoins. Unlike speculative tokens that rely on hype, PDP’s value is anchored in real utility, powering borrowing, lending, staking, and insurance within its ecosystem.

Currently priced at just $0.015, PDP offers early investors a rare entry point into a project analysts predict could surge over 100x post-listing. Investors also benefit from exclusive presale incentives, including a 25% registration bonus and 5% referral reward, fostering steady community expansion and loyalty.

With institutional partnerships, transparent operations, and a growing user base, PayDax continues to outshine traditional altcoins. As others chase volatility, PDP stands as a DeFi project built for endurance, a utility-driven token designed not just to survive the next cycle and lead it.

Join the Paydax Protocol (PDP) presale Today.

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