It all started with a tweet from Binance CEO who slammed TV host Kevin Oleary for his bias towards Sam Bankman-Fried. After a flurry of comments, as additional information on the collapse of FTX, SBF made the decision to discontinue the eldest, both in age and in cryptocurrency holdings, CZ. Intrigued? We give you the details in the following lines.
” You won “, admits the deposed CEO of FTX
” You won, @cz_binance. There’s no need to lie now about redemption. We started the conversations around your buyout, and we decided to do it because it was important to our business. And even though I was frustrated with your ‘bargaining’ tactics, I chose to do it anyway. »
This is how the CEO has short cut to Changpeng Zhao’s lengthy expose regarding the fall of FTX and Binance’s interactions with this bankrupt crypto exchange. He actually recalled a withdrawal of Binance from this American company in July 2021.
Is this why Sam Bankman-Fried squandered more than $5.5 billion on investment stories? The latter did not even hesitate to inject millions into the Miami stadium, the Super Bowl, etc. CZ even went on to talk about her massive donations for Democrats.
Among the Binance CEO’s worst confessions we found SBF’s promises of revenge after CZ decided to abandon the FTX takeover plan.
“Nobody won”, believes CZ
According to Decrypt, this is the second time this week that the boss of the largest crypto exchange has challenged SBF on Twitter. Like his peers Elon Musk and Jesse Powell, CZ called him ” master manipulator ” and ” one of the greatest fraudsters in history “.
” Sam, it’s not important now. You also can’t force us to sell if we don’t want to. Additionally, we have the right of veto to block any further fundraising you may raise. I never used or mentioned it. It was not a competition or a fight. nobody won “, Hammered Changpeng Zhao towards the end of his contests written on Twitter.
Of course no one won in the collapse of FTX. Even the ex-SBF boss lost his billions of dollars in cryptocurrency to only have $100,000 in the bank. Perhaps with the reimbursements of American policies, this sum has been revised upwards. What is certain is that FTX investors lost a lot of money in this story.
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