Binance CEO Changpeng ‘CZ’ Zhao addressed quite a lot of allegedly ‘improper narratives’ which have been circulating on social media in latest weeks.
An inventory of improper narratives I’ve seen not too long ago.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
CZ addressed 5 particular “improper narratives”:
- “CZ needs to be the savior of crypto”
- “FTX was killed by xyz (ie, a third social gathering)”
- “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 help “different good tasks” which might 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 person funds. Interval.”
In regard to the third level discussing Sam Bankman-Fried’s (SBF) good intentions regardless of errors made, CZ stated:
“Mendacity is rarely with good intentions.”
3 “SBF had good intentions, however simply made some errors.”
Mendacity is rarely with good intentions.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
When discussing the fourth ‘improper 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 might be destroyed by a tweet.
Nevertheless, there was a tweet which will have, Caroline’s tweet 16 minutes after mine on Nov 6. Knowledge exhibits it was the true trigger for folks to dump FTT:https://t.co/yWFqKvbqMU
— CZ 🔶 Binance (@cz_binance) December 6, 2022
“She gave her ground value away…”
Nonetheless addressing the identical level, CZ described SBF as “one of many best fraudsters in historical past” and “a grasp manipulator on the subject 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
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