Surprising SBF Remarks from Binance CEO: I thought he was calling for FTT liquidation He wanted me to buy FTX

Binance CEO Changpeng Zhao (CZ) made statements about the FTX collapse and behind the scenes events. Stating that they never saw FTX as a competitor, the CEO did not hesitate to express his harsh statements against SBF.

Binance CEO CZ told CNBC today, FTX He made a striking statement about the events. CZ shared about the FTT sale. after 24 hours While expressing that SBF reached out to him, he stated that he immediately understood how helpless the founder of FTX was.

24 hours after my tweet, Sam called me. He said he wanted to talk. At first I thought he wanted to buy the FTT assets we have with a bit OTC transaction, but then I realized that he was waiting for us to buy FTX completely. As a team, we investigated the situation and clearly realized that it actually used assets belonging to FTX users and VC investors and there was no such fund. At this point we realized that we could not trust them and the data they provided.

of SBF that the company deceived most of its employees and claiming that he did this deliberately, CZ pointed out that he probably did not share the situation with too many people. CZ, directed by the CNBC reporter “Can you understand what he’s trying to do with his tweets now?He answered the question as follows:

I think he was aware of what he was doing in the previous period and now he is aware of what he is doing. I think he shouldn’t even tweet right now.

of SBF use of investor funds and the seriousness of his actions Making statements about the issue, CZ continued his statement with the following statements:

Sam knew very well that the funds were used for Alameda and for what purpose they were misused. Until everything was revealed, probably very few people in the company knew about this situation.

Responding to a question on the point that FTX uses FTT assets for its balance sheet, CZ said: He underlined that Binance never did this:

We are very careful not to use a newly created token as collateral in leveraged transactions. Binance does not do this. We do not use BNB as collateral in any way. We keep BNB completely separate from our own cash flow.

Thinking that the FTX collapse will disrupt the cryptocurrency community in the short term, CZ said, considering the long term maintains its belief that the industry will become healthier:

I was shocked by what happened. I didn’t know he (SBF) was lying to everyone until a week ago. For now, we may think things are getting worse, but the technology and community we have is way better than anything we’ve seen before. I think that 5 or 10 years from now, the industry will be positioned at a much stronger and healthier point. I don’t know what the price of Bitcoin will be, but I don’t think one project will take over the entire market. There will always be different blockchains and different projects. We are still at the very beginning of everything.

source site-10