• Changpeng Zhao calls Sam Bankman-Fried one of the greatest fraudsters.

  • He claims Bankman-Fried created a negative narrative to paint him as the bad guy.

  • Bloomberg claimed a $5 billion market liquidity evaporated in FTX’s after a tweet from Caroline Ellison.

Changpeng Zhao (CZ), the CEO of Binance, has labeled Sam Bankman-Fried (SBF), the former CEO of the bankrupt FTX exchange, as one of the greatest fraudsters in history, adding that Bankman-Fried is a master manipulator of the media.

CEO Zhao tagged Bankman-Fried as a con artist today while clarifying widespread erroneous notions in the crypto community. He noted that Bankman-Fried had created a narrative, painting him as the bad guy to be held responsible for FTX’s downfall in trying to maintain a hero status. Zhao continued:

SBF perpetuated a narrative painting other people and me as the ‘bad guys.’ It was critical in maintaining the fantasy that he was a ‘hero.’ SBF is one of the greatest fraudsters in history, a master manipulator regarding media and key opinion leaders.

Furthermore, Zhao responded to the notion that his tweet regarding FTT token liquidation had killed FTX by saying, “A tweet cannot destroy a healthy business.” On the other hand, a report on Bloomberg asserted that FTX’s point of no return ...

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