Sam Bankman-Fried Faults CZ for the Collapse of FTX

Binance

Sam Bankman-Fried believes FTX fell from the top of the world because of an evil plan orchestrated by his rival CZ, CEO of Binance.

Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried and/or his team. However, the founder of FTX and Alameda Research denies his responsibility for the sudden failure of his businesses, stating that he was unaware of any wrongdoing. But who’s responsible? Sam already has somebody in mind.

In an interview with Forbes on December 12, Sam Bankman-Fried, the former CEO of FTX, once again blamed Binance CEO Changpeng Zhao for the failure of his exchange. Bankman-Fried claimed that Zhao had intentionally plotted to sabotage FTX in order to eliminate competition.

Sam Bankman-Fried doubled down on his allegations that CZ was lying and claimed that he was unaware of the negative impact this would have on the crypto market and the broader industry.

“I think he probably did better than he thought he would. I don’t think he thought this was going to be the outcome. I think he thought it was going to be damaging, but not this damaging.”

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.