In the fast-paced world of crypto, where rumors spread like wildfire, former Binance CEO Changpeng Zhao (CZ) recently took to X (formerly Twitter) to set the record straight on some wild claims about Aster DEX. If you're into meme tokens or the broader blockchain scene, you've probably heard of $ASTER— the token tied to this up-and-coming perpetuals DEX that's been making waves.

Aster DEX, backed by YZI Labs (one of CZ's ventures), positions itself as a next-gen platform for trading perpetual contracts. Think low fees, deep liquidity, high leverage, and support across multiple chains like BNB Chain, Ethereum, Solana, and Arbitrum. It's designed for both newbie traders and pros, with features like orderbook trading and yield farming. The $ASTER token has been on a tear lately, skyrocketing over 7,000% following CZ's apparent endorsement, according to recent reports from sources like Bitcoin.com. But with big pumps come big FUD (fear, uncertainty, and doubt), and that's exactly what CZ addressed in his post.

In his tweet, CZ warned followers to "beware of fake info out there," calling out people who "just make sh!t up." He shared side-by-side screenshots: the real info from the Dubai International Financial Centre (DIFC) public register on the left, and the fake version circulating online on the right.

The real DIFC page shows a dissolved, non-financial entity called RBS AD1 SPC LTD, registered back in 2015 with activities limited to "Qualifying Purpose of Structured Financing." No drama there—just an old, irrelevant company.

On the flip side, the fake image doctored the page to claim an "Aster Decentralized Exchange (DIFC)" entity, registered in May 2025, dissolved, and—get this—listing CZ as the "Liquidator Name." The quoted tweet from user @spacexbt hyped this as "insanely interesting," suggesting CZ's direct involvement and that Aster was pre-registered months ago.

CZ linked directly to the official DIFC site for register #1891 (check it out here), proving the fakery. This kind of misinformation isn't new in crypto, especially around hot tokens like $ASTER, which has seen trading volumes in the billions and prices hovering around $1.50 USD as per CoinMarketCap.

Why does this matter for meme token enthusiasts and blockchain builders? Aster isn't purely a meme—it's a functional DEX with real utility in perp trading—but its rapid rise has meme-like vibes, complete with community hype and volatility. CZ's involvement via YZI Labs adds legitimacy, but it also attracts bad actors spreading FUD to manipulate prices or stir drama. As CZ's post highlights, always verify sources. In his words, it's point "4." in what seems like an ongoing thread of advice—classic CZ style, keeping it real and educational.

The crypto community reacted swiftly in the replies. One user joked, "CZ SAID TAKE ASTERS NAME OUT YOUR MFING MOUTH," while others praised CZ for calling out the BS. Even amid the noise, positive vibes shone through, like a donation to CZ's Giggle Academy charity tied to $ASTER and BNB.

If you're eyeing $ASTER or similar tokens, remember: DYOR (do your own research). Platforms like Aster DEX are pushing the boundaries of DeFi, but the space is riddled with scams and fakes. CZ's debunk serves as a timely reminder—stick to official sources, and don't let the FUD derail your trades.

For more on Aster DEX, head over to their official site or follow @Aster_DEX on X. And if you're building on BNB Chain or exploring meme tokens, stay tuned to Meme Insider for the latest scoops.