CZ publicly addresses ‘incorrect narratives’ surrounding FTX, Alameda

by Jeremy

Binance CEO Changpeng ‘CZ’ Zhao addressed plenty of allegedly ‘incorrect narratives’ which were circulating on social media in latest weeks.

CZ addressed 5 particular “incorrect narratives”:

  1. “CZ needs to be the savior of crypto”
  2. “FTX was killed by xyz (ie, a third occasion)”
  3. “SBF had good intentions, however simply made some errors”
  4. “CZ’s tweet destroyed FTX”
  5. “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.”

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.

“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:

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