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Binance CEO CZ Calls Out Mr. Wonderful, Continues to Knock SBF, FTX
December 11, 2022
MINS
The recent thread from CZ doesn't hold back when reminding the crypto community of which of history O'Leary choses to side with.
CZ Hits at Kevin O’Leary Comments
Binance CEO Changpeng Zhao (CZ) took to Twitter on Friday, December 9 to call out notable charlatan Kevin O’Leary for his recent comments on a Dec. 8 episode of CNBC’s Squawk Box.
O’Leary is in the crosshairs for his defense of the collapse of now disgraced crypto co-founder Sam Bankman-Fried (SBF) and his fraudulent venture, FTX. O’Leary also made comments toward Binance, claiming that their “opaque” leadership caused FTX problems around the world.
CZ dove into a 12-tweet thread that unraveled more of the situation between the FTX and Binance. The thread made sure to call out what CZ says are “baseless” attacks from O’Leary.
It seems $15m not only changed @kevinolearytv’s mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?https://t.co/JoKapOcMXr (baseless attacks start around 4:20).
— CZ 🔶 Binance (@cz_binance) December 9, 2022
A thread. 1/11
CZ took note of the direct conflict of interest at hand in O’Leary’s supportive commentary and his acceptance to be a $15 million spokesperson. O’Leary also recently said he would support SBF in another venture if requested.
The Binance CEO notably feels his ethnicity is one of the reasons for O’Leary’s ire. Both Canadians, O’Leary has previously accused Binance of being a Chinese company. One tweet notes how Binance has the license to operate in more than a dozen countries.
8/ My ethnicity was a focus of those attacks and @kevinolearytv signaled his intention to continue those attacks in the media and will likely repeat them at next week’s Senate hearing. I’m Canadian and Binance is not a Chinese company.
— CZ 🔶 Binance (@cz_binance) December 9, 2022
O’Leary will testify at the request of Sen. Pat Toomey in the Dec. 13 Senate Banking Committee hearing regarding FTX. While he did admit to the failure of due diligence around SBF, it is hard to take anything O’Leary says on the matter at face value.
The thread was spicy enough for SBF himself to chime in as well. SBF directed his comments to Tweet 5, where CZ said it was Binance who initiated the buyout of their 20% equity in FTX. CZ says Binance’s increasing weariness of FTX led to initiating the talks.
Ole Sam says that FTX initiated the talks and added that Binance demanded an extra $75M in the negotiations.
You threatened to walk at the last minute if we didn't kick in an extra ~$75m.
— SBF (@SBF_FTX) December 9, 2022
We did it anyway because this just made us feel more confident we didn't want Binance on our cap table.
But again, none of this is necessary. You won. Why are you lying about this now?
The fallout from FTX is sure to get more sound bites and analysis when both houses of US Congress have committee meetings on Dec. 13. The CEX wars continue.
What is Binance:
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.
Where to find Binance:
Website | Twitter | Discord | Telegram |
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SEC Delays Decision on ARK 21Shares Bitcoin ETF to 2024
September 27, 2023
This marks another delay for the ETF, which had faced scrutiny and had its deadline extended previously.
Summary
- The SEC has delayed a decision on the proposed ARK 21Shares Bitcoin ETF to January 10, 2024.
- This is not the first time the SEC has delayed the decision, citing the need for more time to thoroughly evaluate its implications.
Delayed Again...
The U.S. Securities and Exchange Commission (SEC) will delay a decision on the proposed ARK 21Shares Bitcoin ETF, pushing the new deadline to January 10, 2024. The SEC expressed the need for extra time to thoroughly evaluate the implications of this groundbreaking ETF, stating that "it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change."
Notably, this isn't the first setback for the ARK 21Shares Bitcoin ETF. Last month, the SEC delayed the fund by soliciting additional written comments. Initially slated for an August 13 decision, it appears that this unique ETF has faced ongoing scrutiny.
The latest decision comes in the wake of bipartisan pressure from lawmakers urging SEC Chair Gary Gensler to expedite the approval of a spot bitcoin exchange-traded fund. Moreover, the SEC also deferred its verdict on the Global X Bitcoin Trust until November 21, potentially indicating a trend of delays for similar applications.
Commenting on these developments, Ark CEO Cathie Wood had previously anticipated the initial delay, suggesting, "I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once."
While the regulator reviews multiple spot bitcoin fund applications from industry giants like BlackRock, Fidelity, VanEck, and Invesco, the ARK 21Shares Bitcoin ETF remains at the forefront of the race, with decision deadlines for other proposals also extended.
Despite the delays, the SEC remains cautious, citing concerns about potential fraud and market manipulation, emphasizing the need for rigorous evaluation before greenlighting a spot bitcoin ETF. Meanwhile, the crypto community continues to await a historic decision that could potentially transform the landscape of crypto investments.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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