Binance Chief Executive Changpeng Zhao has slammed FTX founder Sam Bankman- Fried for painting him and other people as bad guys after the FTX coin exchange collapsed last month.
In a Twitter thread posted on Tuesday to correct a number of wrong narratives he had seen recently, Zhao claimed that Bankman- Fried, also known as his initials SBF, was a master manipulator when it comes to media and key opinion leaders. SBF perpetuated a narrative painting me and other people as the bad guys. It was critical in maintaining the fantasy that he was a hero. Zhao said that SBF is one of the greatest fraudsters in history, he is also a master manipulator when it comes to media and key opinion leaders.
In the thread, Zhao refuted claims that he wanted to be the savior of cryptocurrencies by his firm's prospective-then withdrawn purchase of FTX and the establishment of a recovery fund after FTX collapsed and millions of dollars were stuck on FTX's exchange.
It is the beauty of decentralization. He said that we are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. The CEO also responded to a claim that the FTX fiasco began after he tweeted on November 6 that he would be selling his remaining FTT token, FTX's own token that plunged shortly after. The demise could be traced down to the tweet from Alameda Chief Executive Caroline Ellison, who said the demise could be traced back to the below tweet from Alameda Chief Executive Caroline Ellison:
According to a Bloomberg article, Zhao said that Ellison sparked the point of no return for FTX, not his. Her tweet offered to buy all of Zhao's FTT token for $22. Zhao claimed she had given away her floor price.
He said on Friday that a few big traders told him they had sold their FTT token after seeing Ellison's tweet.
Zhao has taken aim at the SBF for the first time. He took a swipe at the then FTX chief executive for suggesting that Zhao's tweets had caused FTX's demise.
The criticism of Bankman- Fried has continued with Coinbase CEO Brian Armstrong saying he was surprised SBF was not in custody yet, while hedge fund Bill Ackman appeared to walk back his previous comments of support for the failed criptocurrency exchange founder.
Chamath Palihapitiya slammed media for not uncovering FTX problems ahead of collapse.