Two CEX founders publicly accusing each other of being government informants — CZ says Li Lin told him Xu snitched on Huobi, Xu fires back saying CZ was the one who reported Justin Sun — and neither has produced a single piece of verifiable evidence. Li Lin's alleged screenshot never surfaced, the 2014 contract forgery docs are still contested after a decade, and CZ's publisher literally stuck a disclaimer on page 4. Meanwhile the actually interesting detail gets buried: during OKX's five-week withdrawal freeze in October 2020, Xu was apparently the sole keyholder to exchange wallets while detained in China. That's the kind of single-point-of-failure custody setup that would make any on-chain risk team lose sleep, and it tells you more about early CEX infrastructure than any memoir ever will.

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