In his new book, CZ admits that Binance's investment in X was a spur-of-the-moment decision, and claims that Musk's rejection of FTX was actually a good judgment of character.

According to Odaily Odaily, CZ, in his autobiography "Binance Life," recounted details of his 2022 investment in Twitter (now X), stating: "In April 2022, news broke that Musk was going to acquire Twitter. My first reaction was: 'Great! At least Twitter's update speed will improve.' A few days later, the investment team told me: We can participate in the investment. We had a short meeting: Should we invest? How much? Is the valuation too high? Actually, I had no idea. After a 30-minute meeting, we decided to invest $500 million to support Twitter's privatization. This number was decided on a whim by a few people, without any specific data analysis. The reason was simple: we wanted money to be more free, and we had to support freedom of speech." "I only spoke briefly with Musk. We're both busy and don't like small talk, so the conversation was short and direct. He only mentioned that he wanted to run Twitter the way he wanted. I had no objection... I only attended a few meetings regarding the $500 million investment. We're still a minority shareholder in Twitter (now called X). X later merged with xAI, and we became a minority shareholder in xAI. And when xAI merged with SpaceX, we became a very small shareholder in SpaceX. Later, I learned from the news that FTX also wanted to participate. But Musk's 'anti-hype radar' went off, and he didn't let them join. I have to say, despite Elon saying he has Asperger's, his judgment of people is quite accurate."