Binance CEO Changpeng “CZ” Zhao has branded Sam Bankman-Fried “one of the greatest fraudsters in history” upon the collapse of his FTX crypto exchange.
CZ also called Bankman-Fried a "master manipulator when it comes to media and key opinion leaders.”
CZ was giving his take in a tweet thread on some of the narratives surrounding last month’s sudden implosion.
Among them, CZ rejected claims he "destroyed" FTX with a Nov. 6 tweet that he would liquidate Binance’s holdings of the rival exchange’s native token, FTT.
“No healthy business can be destroyed by a tweet", CZ said.
Other cryptocurrency exchange CEOs have also condemned Bankman-Fried and criticised the response to FTX’s collapse.
Kraken CEO Jesse Powell called out Bankman-Fried last week following the latter’s appearance on a Twitter space, saying he was “completely full of shit about how margin trading works.”
Coinbase CEO Brian Armstrong said he finds it “baffling" that Bankman-Fried is not in custody already.
Armstrong has used the example of FTX to support his argument that there needs to be more regulatory clarity for exchanges.
