Sat 10 Dec 2022 ▪ 2:00 p.m. ▪
min read – from
It all started with a tweet from Binance CEO criticizing TV host Kevin Oleary for his bias towards Sam Bankman-Fried. After a flood of comments, as additional information about the collapse of FTX, SBF made the decision to discontinue the oldest, both in age and in terms of cryptocurrency holdings, CZ. Fascinated? We give you the details in the following lines.
” You won ‘ admits the ousted CEO of FTX
” You won @cz_binance. There’s no reason to lie about salvation now. We started discussions about your buyout and decided to do it because it was important to our business. And while I was frustrated with your “negotiation” tactic, I went with it anyway. »
That’s what the CEO did shortcut on Changpeng Zhao’s lengthy disclosure on the fall of FTX and Binance’s interactions with that bankrupt crypto exchange. He actually commemorated a Binance withdrawal from this American company in July 2021.
Is that why Sam Bankman-Fried squandered more than $5.5 billion on investment stories? The latter didn’t even hesitate to inject millions into Miami Stadium, the Super Bowl, etc. CZ even went on to talk about her massive donations to the Democrats.
Among the Binance CEO’s worst admissions were SBF’s promises of revenge after CZ decided to abandon the FTX takeover plan.
“Nobody won,” believes CZ
Corresponding 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 dubbed him ” master manipulator ” and ” one of the greatest scammers in history “.
” Sam, it’s not important right now. You also can’t force us to sell if we don’t want to. In addition, we have the veto power to block any further fundraising you raise. I never used it or mentioned it. It wasn’t a competition or a fight. nobody won ‘ Hammered Changpeng Zhao wrote on Twitter towards the end of his competitions.
Of course, no one won on FTX’s collapse. Even the ex-SBF boss lost his billions of dollars in cryptocurrency to only have $100,000 left in the bank. Perhaps this sum was revised upwards with reimbursements from American policies. What is certain is that FTX investors lost a lot of money in this story.
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The blockchain and crypto revolution is underway! And the day the impact is felt on the world’s most vulnerable economy, I will say against all hope that I had something to do with it