Binance CEO Calls Sam Bankman-Fried “One of the Greatest Fraudsters in History”


In a series of Tweets taking the FTX founder to task, Binance CEO Changpeng Zhao called Sam Bankman-Fried “one of the greatest fraudsters in history,” in a recent thread. Preceding statements made by Zhao that debunk what he labeled, “wrong narratives,” in the media.

The thread explored a lot of claims against Binance and the CEO himself. Furthermore, he expressed his own opinions on the collapse of FTX, and ultimately, who’s to blame for their failure.

CZ Gives his Honest Thoughts on SBF

Once upon a time, when FTX was on the brink, it was Binance who attempted to save them. After the plummeting native token, FTT, the competitors attempted to put aside their differences and strike a deal for an acquisition.

That never happened, and FTX would file for bankruptcy later that same month. Now, with reports of misuse of customer funds and millions in investor losses, the tragedy of FTX has become a grander picture; Changpeng Zhao is giving his honest assessment.

Binance’s CZ is Approaching Middle East Investors for Crypto Recovery Fund
Source: Bloomberg

The Binance CEO said — among other things — that Sam Bankman-Fried is “one of the greatest fraudsters in history,” in a series of tweets. He references the FTX founder’s penchant for crafting narratives to make himself the hero. Zhao added, “he is also a master manipulator when it comes to media and key opinion leaders.”

Zhao didn’t stop there, as he addressed the FTX collapse in another tweet. He states, “FTX killed themselves (and their users) because they stole billions of dollars of user funds. Period.” Adding that he never believed Bankman-Fried had any good intentions with his platforms. He wrote, “Lying is never with good intentions.”

Dogecoin
Source – CNN

Conclusively, Zhao noted that the collapse of FTX was never the desire of Binance or himself. He states that it was never a habit of Binance to focus on competitors. Moreover, expressing his desire for, “multiple exchanges, multiple blockchains, multiple wallets, etc., to co-exist in the ecosystem.”