Binance Chief Executive Changpeng Zhao has slammed FTX founder Sam Bankman-Fried for painting him and other people as “bad guys” in the aftermath of the FTX crypto exchange collapsing last month.
In a Twitter thread posted on Tuesday to correct a number of “wrong narratives” he had seen recently, Zhao claimed that Bankman-Fried –– also known by his initials SBF — was a “master manipulator when it comes to media and key opinion leaders.”
“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,” said Zhao in one tweet.
In the thread, Zhao refuted claims that he wanted to be the “savior of crypto” by his firm’s prospective-then-withdrawn purchase of FTX, and the establishment of a crypto recovery fund after FTX collapsed and millions of dollars were stuck on FTX’s exchange.
“Crypto doesn’t need saving. Crypto is fine. It’s the beauty of decentralization. We are just part of it,” he said. “We want to help other good projects that may be in a cash crunch because of recent events. It’s in our collective best interest.”
The CEO also responded to a claim that the FTX fiasco began after he tweeted on Nov. 6 that he would be selling his remaining FTT tokens — FTX’s own token that plunged shortly afterwards.. The crypto titan said the demise could be tracked down to the below tweet from Alameda Chief Executive Caroline Ellison:
Zhao said that Ellison’s tweet sparked the point of no return for FTX, not his, citing a Bloomberg article. Her tweet offered to buy all of Zhao’s FTT tokens for $22. Zhao claimed she had given away her floor price.
He also said on Friday a few big traders had told him they’d sold their FTT tokens after seeing Ellison’s tweet.
It’s not the first time Zhao has taken aim at SBF. He took a swipe at the then FTX chief executive for suggesting that Zhao’s tweets had caused FTX’s demise.
Meanwhile, the criticism of Bankman-Fried has continued with Coinbase CEO Brian Armstrong saying he was surprised SBF was not in custody yet, while hedge fund Bill Ackman appeared to walk back previous comments of support of the failed crypto exchange founder.