Binance CEO Changpeng ‘CZ’ Zhao addressed plenty of allegedly ‘incorrect narratives’ which were circulating on social media in latest weeks.
A listing of incorrect narratives I’ve seen not too long ago.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
CZ addressed 5 particular “incorrect narratives”:
- “CZ needs to be the savior of crypto”
- “FTX was killed by xyz (ie, a third occasion)”
- “SBF had good intentions, however simply made some errors”
- “CZ’s tweet destroyed FTX”
- “SBF vs CZ: The Epic Showdown”
In addressing the primary level, CZ stated “crypto doesn’t want saving,” and defined that Binance wished to assist “different good tasks” which might be financially struggling on account of latest occasions.
On the second level, CZ alleged :
“FTX killed themselves (and their customers) as a result of they stole billions of {dollars} of person funds. Interval.”
In regard to the third level discussing Sam Bankman-Fried’s (SBF) good intentions regardless of errors made, CZ stated:
“Mendacity isn’t with good intentions.”
3 “SBF had good intentions, however simply made some errors.”
Mendacity isn’t with good intentions.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
When discussing the fourth ‘incorrect narrative’, CZ rejected the concept that ‘CZ’s tweet destroyed FTX’ by explaining {that a} tweet couldn’t destroy a “wholesome enterprise.”
Though, CZ then pointed to a tweet by Alameda Analysis CEO Caroline Ellison for instance of a tweet that “could have” destroyed a enterprise.
4. “CZ’s tweet destroyed FTX”
No wholesome enterprise could be destroyed by a tweet.
Nevertheless, there was a tweet that will have, Caroline’s tweet 16 minutes after mine on Nov 6. Information reveals it was the true trigger for individuals to dump FTT:https://t.co/yWFqKvbqMU
— CZ 🔶 Binance (@cz_binance) December 6, 2022
“She gave her ground worth away…”
Nonetheless addressing the identical level, CZ described SBF as “one of many biggest fraudsters in historical past” and “a grasp manipulator with regards to media and key opinion leaders.”
To conclude the thread, CZ addressed the “SBF vs CZ” narrative:
Again to Constructing! (#BNB)
— CZ 🔶 Binance (@cz_binance) December 6, 2022
