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Home Crypto Exchanges

Binance CEO CZ and SBF Drop Truth Bombs Amid Their Twitter Spat, Here Are The Latest Developments

by Blockchain Daily Report
December 9, 2022
in Crypto Exchanges
Reading Time: 2 mins read
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Binance CEO CZ and SBF Drop Truth Bombs Amid Their Twitter Spat, Here Are The Latest Developments
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The feud between Binance CEO CZ and Sam Bankman-Fried continued after CZ accused SBF of trying to depeg USDT by Alameda.

CZ additionally launched an extended thread on Twitter referencing Kevin O’Leary’s protection of FTX and referring to SBF as “a fraudster.” SBF has now taken to Twitter and has informed CZ to cease mendacity concerning the FTX buyout. 

CZ additionally revealed that SBF threatened a number of of the Binance members after they pulled out of the FTX deal.

“Sam was so unhinged after we determined to tug out as an investor that he launched a collection of offensive tirades at a number of Binance staff members, together with threatening to go to “extraordinary lengths to make us pay” – we nonetheless have these textual content messages.”

It appears $15m not solely modified @kevinolearytv’s thoughts about crypto, it additionally made him align with a fraudster. Is he critically defending SBF?https://t.co/JoKapOcMXr (baseless assaults begin round 4:20).

A thread. 1/11

— CZ 🔶 Binance (@cz_binance) December 9, 2022

SBF responded by declaring that CZ had “received” and asserting that CZ had lied concerning the specifics of Binance’s acquisition of FTX. SBF continued his argument by claiming that CZ threatened to stroll away from the settlement if FTX didn’t “kick in an additional $75m.”

“You received, @cz_binance. There’s no must lie, now, concerning the buyout. We initiated conversations round shopping for you out, and we determined to do it as a result of it was vital for our enterprise. And whereas I used to be pissed off together with your ‘negotiation’ ways, I selected to nonetheless do it.”

Sam, not that it issues now. You can also’t power us to promote if we don’t wish to. Additionally, we’ve got the veto proper to dam any additional fundraising you have been doing. By no means used or talked about it. It was by no means a contest or battle. Nobody received. 1/2

— CZ 🔶 Binance (@cz_binance) December 9, 2022

After SBF’s agitation on Twitter, CZ instantly replied and suggested SBF to concentrate on himself.

In different information, SBF introduced that he could be prepared to testify in entrance of American authorities. He had beforehand expressed uncertainty that he would present up for the testimony on December 13, however he has now declared that he’ll testify no matter his lack of information and knowledge. 



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