Binance Exec: SBF Deliberately ‘Shaded’ Binance CEO CZ ‘as an Evil Chinese’

CZ Was SBF’s ‘Darth Vader’

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.

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