Former FTX CEO Sam Bankman-Fried used Twitter and other means to spread “false rumors” about Binance CEO Changpeng Zhao “CZ,” according to Binance executives.
In an April 21 Twitter thread, Binance chief strategy officer Patrick Hillmann said Bankman-Fried, also known as "SBF," used his influence to label CZ as an "evil Chinese man through false rumors." ", to continue his allegations of fraud. against FTX. Before and after FTX filed for bankruptcy in November 2022, public relations between SBF and CZ were often antagonistic, despite the two exchanges' financial ties. "Sam denigrating CZ is the norm for us," Hillman said. "Not related to the decision to sell FTT, which is worthless on the company's books."
In November, CZ announced plans to have Binance liquidate its position in FTX tokens, Before FTX went bankrupt, it was hinted that Binance would consider acquiring a competitor. When the deal fell apart and FTX filed for Chapter 11, two industry leaders barbed the deal via social media, with CZ calling SBF a “fraud” and FTX’s ex-CEO implying that Zhao was lying about the acquisition discussions.
Zhao continues to serve as Binance CEO and regularly posts on social media amid changes in the crypto company's regulatory landscape. Bankman-Fried, by contrast, faces 13 federal charges, including those related to ribery and wire fraud, and cc can only restrict as internet part of his bail conditions.
