A news published by the New York Times shocked the cryptocurrency markets. As we reported as Kriptokoin.com, the newspaper shared the details of the discussion between SBF, the former CEO of the failed cryptocurrency exchange FTX, and Binance CEO CZ in a messaging group. Zhao’s harsh criticism was answered this morning from Sam Bankman-Fried. Here are the details…
Binance CEO accuses SBF
According to the report, Binance CEO CZ claimed that Alameda made a $250,000 transaction in an attempt to destabilize USDT and break its fix to the dollar. In this discussion on November 10, there was an interesting response from the SBF to CZ’s accusations. SBF said, “Do you really think that with a $250,000 transaction, I can upset the stable balance of USDT? Are you serious?” said. However, the Binance CEO, who did not end the discussion, stated that he knew that a transaction of this amount would not break the stability, but that it could cause some problems. The famous CEO finally said:
Let me be honest with you. Stop doing everything. Put on a suit and go to Washington to answer questions…
When Binance CEO went to Washington to answer questions, SBF replied, “thank you for your advice”. However, responding to a tweet in which CZ responded to Kevin O’Leary’s comments, SBF denied Zhao’s statement that “we sold the shares”. Commenting on SBF, Binance has no right to exit their FTX investment unless they buy it themselves, making the following statement:
Yes, you won, Zhao. No need to lie about this spoken purchase anymore. We have started discussions about acquiring you and have decided to do so because it is important to our business. And even though your ‘bargaining’ tactics disappointed me, I still chose to do it. You threatened us that if we didn’t give you the extra $75 million you’d be out of investments. We agreed because the absence of Binance among our investors gave us more confidence. But it’s pointless to discuss them anyway. You won. Why are you lying about it now? Among other things, as you know, you didn’t even have the right to withdraw as an investor unless we chose to buy you – most of the tokens/equity were still locked.
CZ: We suspected the relationship between FTX and Alameda
Binance CEO CZ announced in his posts today that they sold their shares in FTX in July of 2021. CZ said that they sold these shares because they were suspicious of the relationship between FTX and Alameda.
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