Binance CEO Changpeng Zhao Addresses ‘Narrative’ He Says FTX Founder Sam Bankman-Fried Painted Against Him

Changpeng Zhao, president of the leading crypto exchange Binance, states disgraced previous FTX CEO Sam Bankman-Fried is a “master manipulator” who “perpetuated a story” versus him.

Zhao says on Twitter that it’s a “incorrect story” that his tweet eliminated FTX in November.

“FTX eliminated themselves (and their users) due to the fact that they took billions of dollars of user funds. Duration …

No healthy organization can be damaged by a tweet.”

The Binance CEO states his exchange does not concentrate on rivals due to the fact that the market has actually just caught 6% of the population. He states the business desires several exchanges to exist together in the area.

Zhao likewise states Bankman-Fried lied to his consumers and didn’t have excellent intents.

“SBF perpetuated a narrative painting me and other individuals as the ‘bad men.’ It was vital in keeping the dream that he was a ‘hero.’ SBF is among the best scammers in history, he is likewise a master manipulator when it pertains to media and essential viewpoint leaders.”