Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange, has responded to speculation about Binance’s role in the FTX bankruptcy and Sam Bankman-Fried (SBF).
Binance CEO CZ posted on his official social media account on December 6th. in his statement, under the heading “a list of known misconceptions”, shared the points that he thinks are not true about Binance’s role in FTX’s bankruptcy and SBF’s true personality. CZ is his own savior of the crypto world not as it is thought, the SBF innocent He stressed that he was not one.
CZ stated that they are not the saviors of the crypto world, but they help companies in distress as much as their financial capabilities allow. CEO, this a move that benefits the collective described as.
Good Companies Don’t Destroy With One Tweet
About FTX, the company has not been bankrupt by any third party, stealing user funds He stated that they went bankrupt for themselves. Stating that no healthy company can be destroyed with a single tweet, CZ said that Alameda Research CEO Caroline gave $22 to her own sales tweet. purchase agreement He also underlined that this may have caused the destruction. In addition, it is completely a mistake that the SBF was not aware of all this and was innocent. lie stressed that.
Biggest Scam in History
On the other hand, the SBF’s discourses about itself show other actors in the sector as bad. trying to launderstated that the SBF is a really good manipulator when it comes to media and organizations. CZ also has history from SBF one of the biggest scammers mentioned as.
Competing with FTX would be a waste of time for us
On the other hand, the CEO, who sees the events as a CZ-SBF encounter, is in the sector as a company that dominates more than half of the sector. 6% share He replied that dealing with a business that has a business that is a business would be a waste of time, and that Binance aims for an ecosystem in which multiple exchanges and technologies operate together.