Binance CEO Changpeng ‘CZ’ Zhao addressed a lot of allegedly ‘incorrect narratives’ which have been circulating on social media in latest weeks.
A listing of incorrect narratives I’ve seen just lately.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
CZ addressed 5 particular “incorrect narratives”:
- “CZ desires to be the savior of crypto”
- “FTX was killed by xyz (ie, a third get together)”
- “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 mentioned “crypto doesn’t want saving,” and defined that Binance wished to help “different good initiatives” which can be financially struggling resulting from latest occasions.
On the second level, CZ alleged :
“FTX killed themselves (and their customers) as a result of they stole billions of {dollars} of consumer funds. Interval.”
In regard to the third level discussing Sam Bankman-Fried’s (SBF) good intentions regardless of errors made, CZ mentioned:
“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 ‘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 may be destroyed by a tweet.
Nevertheless, there was a tweet that will have, Caroline’s tweet 16 minutes after mine on Nov 6. Knowledge exhibits it was the actual trigger for individuals to dump FTT:https://t.co/yWFqKvbqMU
— CZ 🔶 Binance (@cz_binance) December 6, 2022
“She gave her flooring worth away…”
Nonetheless addressing the identical level, CZ described SBF as “one of many biggest fraudsters in historical past” and “a grasp manipulator in the case of 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
