WEB3
by BSC News
April 21, 2023
The disgraced former head of FTX regularly denigrated and spread fake rumors about his rival, a Binance executive said.
Before the collapse of his FTX and Alameda Research empire, Sam Bankman-Fried (SBF) habitually vilified Changpeng Zhao (CZ), the CEO of rival Centralized Exchange Binance, according to a Binance executive.
While commenting on “a great read” from Puck News about Anthony Scaramucci and SBF, Binance Chief Strategy Officer Patrick Hillmann said:
“Sam was CONSTANTLY spreading fake rumors about @cz_binance, because shading him as an "evil Chinese" was critical to his scam. You can't pretend to be Luke Skywalker without Darth Vader.”
Hillman’s tweets put a point on comments that CZ has made at various times about being slighted by rivals, regulators and/or the media, including over his ethnicity. For example, in early April CZ said that a fake rumor about his impending arrest by international law enforcement was “likely planted/sponsored by another exchange,” as BSC News reported.
In January, SBF published a blog post wherein he denied responsibility for his multibillion-dollar failure, pinning the blame on general market conditions in 2022 and a "fateful tweet" from CZ in November 2022 announcing Binance was liquidating its FTT token holdings.
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
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