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Changpeng Zhao â CEO of the worldâs largest crypto exchange, Binance â rejected some of the latest assumptions regarding himself and his companyâs involvement in FTXâs crash.
He reiterated his position that the main culprit of the catastrophe was Sam Bankman-Fried (SBF), describing him as âone of the greatest fraudstersâ of all time.
CZâs List
Zhao took it to Twitter to dismiss some suggestions that hovered in the cryptocurrency space lately. He said he doesnât see himself as the âsavior of crypto,â arguing the industry is âfineâ and doesnât need saving.
âItâs the beauty of decentralization. We are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. Itâs in our best interest,â he added.
CZ also touched upon FTX, claiming a third party had nothing to do with its collapse:
âFTX killed themselves (and their users) because they stole billions of dollars of user funds. Period.â
Some people seem to believe SBF had good intentions and did not want to scam customers. Zhao rejected that assumption, stating, âlying is never with good intentions.â
Binanceâs CEO went further, calling FTXâs former boss a âmaster manipulatorâ and âone of the greatest fraudsters in history.â He corrupted media and opinion leaders to portray him as a âhero,â CZ concluded.
Subsequently, CZ believes his firm should not focus too much on competitors when there are other more essential issues, such as the low level of crypto adoption:
âWe want multiple exchanges, multiple blockchains, multiple wallets, etc., to co-exist in the ecosystem.â
SBF Should Start Answering Questions
FTXâs former CEO posted a series of mysterious tweets last month shortly before his company filed for bankruptcy protection. In one of his messages, he spoke about a âparticular sparring partnerâ that had perhaps damaged his exchangeâs operations. The tweet triggered confusion, and some hinted this secret entity could be Binance.
Zhao dismissed those rumors describing SBF as a âpsychopathâ for writing such a thing. He once again stated that his platform is not willing to eliminate smaller exchanges but assist them during challenging times:
âHe never told me I was his sparring partner. We never view other exchanges as sparring partners, itâs not a boxing match.â
CZ also advised SBF to stop dropping controversial tweets but rather fix the issues which FTXâs meltdown brought:
âHe should be working on other things, he should not be writing tweets. In one of the messages I sent him in a group, I said: âHonest advise, Sam, stop doing whatever you are doing, donât do anything more, put on a suit, go to DC and start answering questions.'â
The post 5 Failing Crypto Narratives of Late According to CZ Binance appeared first on CryptoPotato.
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