Binance CEO Changpeng Zhao CZ shared a video of famous businessman Kevin O’Leary’s statements on the collapsed FTX exchange on Twitter. Criticizing O’Leary’s endorsement of former FTX CEO Sam Bankman-Fried (SBF), CZ called SBF a fraud. The response from SBF to Binance CEO was quick.
Cryptocurrency markets in recent weeks FTX was swamped with scandal. The giant stock market went bankrupt due to the liquidity crisis. CEO Sam Bankman-Fried also stepped down. The world’s largest stock exchange Binance also announced that it would buy FTX first during these events; However, he later abandoned this decision.
While discussions on FTX continue unabated, Binance CEO today Changpeng Zhao (CZ) and former CEO of FTX Sam Bankman-Fried (SBF) There was a small discussion on Twitter. Let’s take a look at what happened.
CZ calls former FTX CEO a ‘scammer’
CZ, famous Canadian businessperson from Twitter Kevin O’Leary He shared about it. In this post, she shared O’Leary’s remarks on a program she attended and responded harshly to them. While saying that he lost close to $ 15 million in FTX in this program, O’Leary used expressions supporting the former CEO of FTX. In addition, SBF itself receives a significant portion of FTX’s liquidity. Binance’s trying to buy back the shares he sold In a way, he blamed Binance for the collapse of FTX, adding that he said he was using it for
Naturally, these statements made CZ very angry. Binance CEO tweeted, “Looks like $15 million is just Kevin O’Learyof He hasn’t changed his mind about crypto and has also been a with the swindler also made it possible to cooperate. Is he really defending Sam Bankman-Fried?” He responded harshly to O’Leary, describing the former CEO of FTX as a swindler.
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In addition, CZ stated in the post that they sold their FTX shares in July 2021, and that SBF’s company, which is at the forefront at this time, Alameda He added that they were starting to get suspicious. The Binance boss also stated that the bankrupt exchange had bad expenses such as Super Bowl ads, baseball games, luxury homes. He also highlighted that after Binance’s withdrawal from FTX investment, SBF went crazy and even threatened its own team.
Finally, the CEO was tough on FTX, telling O’Leary that if he really wanted to find a culprit, he should head to SBF and maybe look in the mirror.
Sam Bankman-Fried responded to CZ: “You won, why are you lying?”
The response from the former CEO of FTX to these statements of CZ was not delayed. SBF shares CZ by lying accused him of the following:
“You win CZ, no need to lie about the purchase anymore. We had discussions about the purchase and we decided to do it because it was important to us. Even though I was disappointed with the way you interviewed me, I chose to do it anyway. You threatened to quit at the last minute if we didn’t give you the extra $75 million. Yet we did; because it made us feel more comfortable not wanting Binance among our investors. All this is unnecessary. You won. Why are you lying about it now?”
SBF also said, “You as an investor had no right to withdraw unless we bought the shares. At that time, most of the investments were locked.” added his statements.
CZ responded that no one won and that there was never a rivalry or a fight He said that they could not force them to sell if they did not want to. Adding that none of them matter anymore, Binance CEO also suggested to SBF to focus on himself instead of focusing on others.
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