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Changpeng Zhao (CZ), CEO of Binance on Tuesday called out all the wrong narratives being built around him over the recent FTX collapse. However, the alleged culprit of the horrific crash, Sam Bankman-Fried (SBF) recently came out in front of the media to present his side of the story.
CZ refuses media narrative
CZ refused to agree with the statement that he wants to be the savior of the crypto industry. He mentioned that crypto doesn’t need any savings as the market is fine. Binance CEO called it the beauty of decentralization and we are just part of it.
He added that they just want to help other good projects that might be in a cash crunch just because of the recent happenings in the market. CZ called it a collective best interest.
Cz criticized the title that his tweets destroyed the FTX crypto exchange. However, he called SBF one of the greatest fraudsters in history. He also called him the master manipulator in the matter of media and key opinion leaders.
FTX killed themselves
SBF perpetuates a story in which he painted CZ and other people as the bad guys, claimed Binance CEO. He added that no healthy business can be destroyed by a single tweet. Meanwhile, there was a tweet done by Caroline on November 6 that might have been the cause. However, CZ claims that data depicts it was the actual cause for people to dump FTT tokens.
He asserted that the FTX killed themselves and their users. He claimed that they stole billions of dollars of user funds. CZ stated that lying never goes with good intentions.
Binance CEO summarised this epic showdown by stating that they don’t focus on competitors as it is a waste of time. However, the crypto industry has just touched just 6% of the population.
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