SBF ‘One of The Greatest Fraudsters in History’ Says CZ – That’s Why You Should Buy This Coin For Protection

The CEO of Binance, Changpeng “CZ” Zhao, has once again come out to deny claims linking him to the demise of the FTX exchange. The FTX exchange filed for bankruptcy on November 11 after failing to meet user withdrawals.

Binance CEO calls SBF the greatest fraudster in history

On December 6, Zhao took to Twitter to defend himself against allegations that he had caused FTX’s liquidity crunch, which resulted in the exchange’s fallout. CZ noted that the former CEO of FTX, Sam Bankman Fried “SBF,” was behind the entire crisis.

CZ said that SBF was “one of the greatest fraudsters in history.” He alleged that SBF was presenting himself as a hero following the exchange’s collapse, while he had instead made several mistakes and was now manipulating the media.

“SBF perpetuated a narrative painting me and other people 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; he is also a master manipulator when it comes to media and key opinion leaders,” CZ tweeted.

The FTX exchange started spiraling after CZ announced that Binance would liquidate its entire FTT holdings. Binance later passed on a deal to acquire FTX amid holes in the exchange’s balance sheet. These events led to CZ being accused of orchestrating FTX’s fallout, but he has defended himself, saying that if FTX’s model was healthy, it could not have been affected by a single tweet.

Since FTX filed for bankruptcy, SBF has been engaging in media campaigns, where he has tried explaining what could have led to the exchange’s demise. During the New York Times Dealbook Conference, SBF denied that he intended to commit fraud.

Why you should buy this coin for protection

After the FTX exchange filed for bankruptcy, it was revealed that it has more than one million creditors. This includes users who could not withdraw their money from the platform, causing them more losses during a crypto winter already wreaking havoc on investments.

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