Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
T‑Mobile, Delta Air Lines launch free in-flight Wi‑Fi February 3, 2023
CFTC head looks to new Congress for action on crypto regulation February 3, 2023
Gold Price Forecast: Upside risk to XAU/USD forecast of $1,850 at year’s end – Commerzbank February 3, 2023
Oil down 7% on week as dollar rockets on U.S. jobs report February 3, 2023
Japan stocks higher at close of trade; Nikkei 225 up 0.20% February 3, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Crypto

CZ and SBF duke it out on Twitter over failed FTX/Binance deal

Staff by Staff
December 11, 2022
in Crypto
0 0
A A
0

Binance CEO Changpeng “CZ” Zhao and former FTX CEO Sam Bankman-Fried (SBF) have revealed new details about the failed agreement between the exchanges during FTX’s liquidity crisis in November. 

In a Dec. 9 Twitter thread, CZ referred to Bankman-Fried as a “fraudster,” saying Binance exited its position in FTX in July 2021 after becoming “increasingly uncomfortable with Alameda/SBF.” According to the Binance CEO, SBF was “unhinged” at the exchange pulling out — a claim that prompted an online response from the former FTX CEO.

Bankman-Fried criticized CZ for his public admonition of FTX, adding details about the negotiations between the exchanges amid FTX’s reported “liquidity crunch” in November prior to the firm filing for bankruptcy. SBF said at the time that FTX had reached a “strategic transaction” with CZ, but Binance later pulled out after reviewing the exchange’s balance sheets. The former FTX CEO claimed that Binance “threatened to walk at the last minute” without an additional $75 million, accusing CZ of lying about his role in the deal.

“You didn’t even have the rights to pull out as an investor unless we chose to buy you out–much of the tokens/equity were still locked,” said SBF, addressing CZ.

CZ responded in kind:

“Sam, not that it matters now. You also can’t force us to sell if we don’t want to. Also, we have the veto right to block any further fundraising you were doing. Never used or mentioned it. It was never a competition or fight. No one won […] Don’t try to tell your friends to focus on us. Focus on yourself. You should have learned that by now.”

Lawmakers with the United States House Finance Services Committee previously called on Bankman-Fried to speak at a hearing exploring the collapse of FTX. Though SBF initially said he planned to wait to testify until he had “finished learning and reviewing what happened,” committee leadership threatened a subpoena, prompting the former FTX CEO to say on Twitter he would be “willing to testify” on Dec. 13.

Related: FEC probe demanded after SBF ‘admitted’ making dark money donations

Though Bankman-Fried has seemingly been attempting to delay appearances with officials regarding the events leading to FTX’s downfall, he has not been shy about interviews with various media outlets. Since FTX Group’s Chapter 11 filing on Nov. 11, SBF has repeatedly publicly apologized for his role in the exchange’s collapse.



Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Crypto

CFTC head looks to new Congress for action on crypto regulation

February 3, 2023
Crypto

Bitcoin Addresses with Non-Zero Balance Could Soon Hit Record High – What This Means for BTC Price

February 3, 2023
Crypto

Kazakhstan’s digital currency in pilot stage, per Binance, National Bank joint report

February 3, 2023
Crypto

Bitcoin Price Prediction as BTC Pulls Back 2% – Where is the Next Buy Zone?

February 3, 2023
Crypto

US Congress to hold ‘crypto crash’ hearing on Feb. 14

February 3, 2023
Crypto

Fight Out’s Move-to-Earn Technology Pays You to Exercise and Get Fit – Here’s How it Works

February 3, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.