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On Wednesday( April 20), Changpeng Zhao (CZ), CEO of Binance , the world’s largest cryptocurrency exchange, retweeted the exchange’s Twitter post. CZ posted the hashtag #binance to show off the newly released emoji. However, users immediately noticed the similarity between this emoji and the Swastika symbol. (*Swastika: swastika symbol. When referring to the swastika symbol on the Nazi flag, it is reminiscent of the darkness, death and cruelty of a dictatorship) Binance’s original post was deleted, but users were quick to capture the screen to go viral and criticize the similarity.
A Twitter account called “Nftshare” shared the post with their 300 followers and received more than 6000 likes and hundreds of shares. They said, “Binance’s new emoji is Swastika.” Meanwhile, other users on Crypto Twitter made jokes about Binance’s mistake. Besides this mistake, users also pointed out that April 20 coincided with Hitler’s birthday. However, most people don’t think Binance is deliberately referring to Nazi Germany, nor do they think that this error is the result of celebrating Marijuana Day on April 20 in a somewhat outrageous way. After deleting the post on Binance’s Twitter page as well as CZ’s, the company fought the fire by taking it down and publicly apologized after nearly eight hours of the incident went viral. Binance confessed to its 8.4 million followers that the mistake was embarrassing. “We also don’t know why this emoji was passed through multiple rounds of censorship without anyone noticing, but we immediately recognized the problem, took it down, and the new emoji was being released.”
Bennet Tomlin, a cryptocurrency commentator, issued a scathing critique of Binance. But, later, he softened his tone, saying that the people who developed the logo probably didn’t have the cultural knowledge to understand how it would cause misunderstanding. The Swastika – which symbolizes the Nazis – was originally used as a symbol of divinity and spirituality by many ancient religions in East Asia, which still appears in temples in countries such as Japan.
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