Cryptocurrency markets in recent weeks ftx was awash in scandal. The giant stock exchange went bankrupt due to the liquidity crisis. CEO Sam Bankman-Fried also stepped down. The largest stock exchange in the world Binance also announced that it would be the first to buy FTX at these events; However, he later abandoned this decision.
As discussions about FTX continue unabated, Binance is CEO today Changpeng Zhao (CZ) and former CEO of FTX Sam Bankman Fried (SBF) There was a small discussion on Twitter. Let’s see what happened.
CZ calls former FTX CEO a ‘swindler’
CZ, famous Canadian businessman from Twitter Kevin O’Leary He shared about it. In this post, she shared O’Leary’s comments about a program she attended and responded harshly. While saying he lost nearly $15 million on FTX in this program, O’Leary used phrases in support of the former CEO of FTX. In addition, SBF itself receives a significant portion of the liquidity from FTX. from Binance trying to buy back the shares he sold In a sense, he blamed Binance for FTX’s collapse, adding that he said he used it for
These statements naturally made CZ very angry. Binance’s CEO tweeted: “Looks like $15 million is just Kevin O’Learyfrom He has not changed his mind about crypto and is also one with the scammer also made it possible to work together. Is he really defending Sam Bankman-Fried? He reacted harshly to O’Leary, describing the former CEO of FTX as a con man.
In addition, CZ states in the post that they sold their FTX shares in July 2021 and that SBF’s company, which is currently leading the way, Alameda He added that they were growing suspicious. The Binance boss also stated that the bankrupt exchange had bad spending like Super Bowl ads, baseball games, luxury homes. He also stressed that SBF went crazy after Binance pulled out of its FTX investment 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 go to SBF and maybe look in the mirror.
Sam Bankman-Fried responded to CZ: “You won, why are you lying?
The reaction of the former CEO of FTX to these statements by CZ was not long in coming. SBF shares CZ by lying accused him of the following:
“You win CZ, you don’t have to lie about the purchase anymore. We had discussions about the purchase and we decided to do it because it was important to us. Although 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. Still we did it; because it made us feel more comfortable not wanting Binance with our investors. None of this is necessary. 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 investments were locked.” added his statements.
CZ replied that no one won that there was never any rivalry or strife He said they couldn’t force them to sell if they didn’t want to. Adding that none of them matter anymore, Binance’s CEO also suggested to SBF to focus on itself instead of focusing on others.