In reaction to allegations over the FTX collapse, Binance’s CEO Changpeng Zhao moved all the blame to the management, calling Sam Bankman-Fried a “scammer” and “master manipulator”
Bankman-Fried is a ‘master manipulator’
Changpeng Zhao, referred to as CZ, has actually come out to deal with accusations that he was accountable for the collapse of FTX. He declared that the business’s previous manager, Bankman-Fried, was a “master manipulator” and “among the best scammers in history.: He damaged media and viewpoint leaders to represent him as a hero, Binance CEO included.
He went even more to call out all the incorrect stories being developed around him over the current FTX collapse through a Twitter thread on Tuesday.
CZ declined to concur with the declaration that he wished to be the rescuer of the crypto market. He pointed out that crypto does not require it as the marketplace is great. Binance’s CEO called it the appeal of decentralization.
He continued by stating Binance wished to help other beneficial jobs that might be experiencing monetary troubles due to current market occasions. A cumulative benefit, according to CZ.
Binance not accountable for FTX collapse
CZ slammed the publications declaring that his tweets ruined the FTX crypto exchange. He asserted that the FTX eliminated themselves and their users. He likewise declared that they took billions of dollars of user funds.
Binance CEO summarized this impressive face-off by mentioning that Binance does not concentrate on rivals as it is a wild-goose chase when there are other more necessary concerns, such as the low level of crypto adoption:
“We desire several exchanges, several blockchains, several wallets, and so on, to co-exist in the community.”
CZ, CEO of Binance