Binance CEO Says Sam Bankman-Fried Is “One of the Biggest Fraudsters in History”

Binance CEO Changpeng Zhao has leveled fresh criticism towards former CEO Sam Bankman-Fried of bankrupt exchange platform FTX.

In a series of Twitter posts on the evening of December six, Binance CEO Changpeng Zhao abruptly declared former FTX CEO Sam Bankman-Fried a single of the largest scammers in historical past.

one “CZ wants to be the savior of cryptocurrencies.”

Cryptocurrencies do not have to have to be saved. Cryptocurrencies are fine. That’s the attractiveness of decentralization. We are only component of it. We want to aid other excellent tasks that may perhaps be in a funds crunch due to current occasions. It is in our collective curiosity.

—CZ Binance (@cz_binance) December 6, 2022

First, Mr. Changpeng Zhao says that there is false details about the cryptocurrency industry in the previous. Notably, the Binance CEO explained he does not want to be the “savior” of the cryptocurrency business, due to the fact he does not have to have to be saved. Binance only supports tasks that are encountering liquidity complications due to current associated occasions.

two “FTX was killed by xyz (aka a third party)”

No, FTX killed itself (and its consumers) due to the fact it stole billions of bucks of consumer money. Period.

—CZ Binance (@cz_binance) December 6, 2022

Mr. Changpeng Zhao denied that a third get together “taken down” FTX, but as an alternative FTX shot itself in the foot by stealing billions of bucks of users’ funds.

three “SBF had good intentions, but only made mistakes.”

Lying is in no way with excellent intentions.

—CZ Binance (@cz_binance) December 6, 2022

Not stopping there, the Binance CEO also denied the declare that “Sam Bankman-Fried had really good intentions, but unfortunately he made some mistakes” due to the fact he believes Sam lied, and that in itself is not excellent at all.

four.one He gave away his first price…

—CZ Binance (@cz_binance) December 6, 2022

The Binance boss also responded to allegations that his Twitter publish ruined FTX, due to the fact no viable business can collapse more than a single statement from a person else. Mr. Changpeng Zhao even more pointed out that the following Twitter publish by former CEO Alameda Research “adds fuel to the fire” when he set a floor cost for the FTT token, leading to the crypto neighborhood to panic and promote out.

Mr. Changpeng Zhao wrote:

four.two SBF has perpetuated a narrative by portraying me and other persons as the “bad guys”. It was vital to sustain the fantasy of getting a “hero”. SBF is a single of the largest con artists in historical past, he is also a master manipulator when it comes to the media and important viewpoint leaders.

—CZ Binance (@cz_binance) December 6, 2022

“Sam Bankman-Fried produced his vision of me and many others as the ‘bad guy’. It is vital for him to create himself as a “hero”. Sam Bankman-Fried is a single of the largest con guys in historical past, he is also an specialist at manipulating the media and other influencers.”

Finally, the Binance CEO denied that his platform was actively competing with FTX, stating that considering that the cryptocurrency business is even now tiny, he often welcomes the coexistence of other exchanges, other wallets, and other blockchains in the ecosystem.

five. “SBF vs CZ: The Epic Showdown”

We do not target on rivals due to the fact it can be a waste of time and assets when the business has only touched six% of the population. We want extra exchanges, extra blockchains, extra wallets, and so forth. coexist in the ecosystem.

—CZ Binance (@cz_binance) December 6, 2022

Here are the most up-to-date statements from Binance CEO Changpeng Zhao on FTX and Sam Bankman-Fried. Today (December six) also marks one month considering that this crypto billionaire announced it was marketing all of its FTT holdings due to the fact it detected erroneous signals from FTX, leading to consumers to massively withdraw FTX, disclosed liquidity concerns, and had to declare bankruptcy right after only seven days.

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