net_left Kdata adver left
Detail

CZ and SBF Twitter Fight Reveals How They Became Rivals

CZ called SBF a “fraudster” and “unhinged” SBF said that CZ won and that there’s “no need to lie” Friday Twitter fight between...
CZ and SBF Twitter Fight Reveals How They Became Rivals CZ and SBF Twitter Fight Reveals How They Became Rivals

  • CZ called SBF a “fraudster” and “unhinged”
  • SBF said that CZ won and that there’s “no need to lie”

Friday Twitter fight between Changpeng (CZ) Zhao of Binance and Sam (SBF) Bankman-Fried revealed how the two became rivals.

In a fiery Twitter thread, CZ branded the former Bankman-Fried as a “fraudster.” He also revealed details about FTX’s buyout of Binance’s stake in the company. He said SBF was “unhinged” after Binance pulled out of its FTX investment.

The former FTX CEO claimed that CZ was lying about the deal. According to SBF, FTX initiated the buyout. He also said that Binance “threatened to walk at the last minute” without an additional $75 million.

"You won. There's no need to lie, now, about the buyout," SBF said.

‘O’Leary Aligned with a Fraudster’

The firestorm started when CZ responded to a Thursday interview with former FTX spokesperson Kevin O’Leary. In the interview, O’Leary suggested that Binance had issues with regulators.

"It seems $15m not only changed Kevin O'Leary's mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?" CZ said. O’Leary, whom FTX paid $15 million to be its paid spokesperson, said that FTX told him that one of the reasons why FTX was in trouble was its multibillion-dollar share buyback from Binance. Binance was an early investor in FTX, and owned 20% of the FTX at the time.

Himself an FTX investor, O’Leary said that the buyout cost FTX a “couple of billion” dollars. Moreover, he said he was forced to buy out Binance, due to regulatory concerns, suggesting that regulators were uneasy with Binance.

CZ responded with a link to more than 470 companies FTX invested in since the Binance buyout. The investments come up to a total of $5,3 billion.

How SBF and CZ Became Rivals – CZ’s Story

Binance CEO explained how the two CEOs of crypto exchanges went from partners to rivals. According to CZ, it all started when Binance decided to pull out of FTX.

CZ said that Binance decided to pull out of FTX after becoming “increasingly uncomfortable” with how SBF ran FTX and sister firm Alameda Research. He claimed that the decision prompted Bankman-Fried to lash out at them.

"Sam was so unhinged when we decided to pull out as an investor that he launched a series of offensive tirades at multiple Binance team members, including threatening to go to 'extraordinary lengths to make us pay,'" CZ said. He added that he has text messages to prove it. Following Binance’s exit, SBF began investing in friends in high places – from media, to policymakers, to celebrities (like Kevin), CZ said.

That’s also when SBF started attacking Binance and him personally, CZ said. “My ethnicity was a focus of those attacks,” CZ said. “I’m Canadian and Binance is not a Chinese company,” he added.

CZ also pointed out the extravagant amount of money FTX was spending on marketing.

"You don't have to be a genius to know something doesn't smell right at FTX," CZ said. "They were 1/10th our size, yet outspent us 100/1 on marketing & "partnerships," fancy parties in the Bahamas, trips across the globe, and mansions for all of their senior staff (and his parents)," he added.

On the Flipside

  • Both SBF and CZ are heavily vested in their own point of view, both personally and financially.

Why You Should Care

Understanding the key players in the space, and their motivations, is critical for traders. This exchange battle between CZ and SBF sheds light on the tensions between Binance and FTX, formerly two major rivals in the space.

Read about SBF’s upcoming congressional testimony:

SBF Agrees to Testify Before Congress: Will They Ask the Real Questions?

Read about the latest SBF interview:

Bankman-Fried Says His Bank Account is Down to $100k, FTX’s Collapse was Preventable

See original on DailyCoin

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
29-03-2024 22:47:57 (UTC+7)

EUR/USD

1.0790

+0.0003 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

EUR/USD

1.0790

+0.0003 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

GBP/USD

1.2635

+0.0013 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

USD/JPY

151.23

-0.14 (-0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (5)

AUD/USD

0.6524

+0.0008 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (3)

USD/CAD

1.3537

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

EUR/JPY

163.13

-0.12 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9732

+0.0005 (+0.05%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (2)

Gold Futures

2,254.80

42.10 (1.90%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.0115

-0.0003 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

1.752

+0.034 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (6)

US Coffee C Futures

188.53

-2.12 (-1.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (8)

DAX

18,504.51

+27.42 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Hang Seng

16,541.42

0.00 (0.00%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0790↑ Sell
 GBP/USD1.2635↑ Sell
 USD/JPY151.23Neutral
 AUD/USD0.6524Neutral
 USD/CAD1.3537↑ Sell
 EUR/JPY163.13↑ Sell
 EUR/CHF0.9732Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(30/ 30) # 1,364
SJC HCM7,900/ 8,100
(0/ 0) # 1,384
SJC Hanoi7,900/ 8,102
(0/ 0) # 1,386
SJC Danang7,900/ 8,102
(0/ 0) # 1,386
SJC Nhatrang7,900/ 8,102
(0/ 0) # 1,386
SJC Cantho7,900/ 8,102
(0/ 0) # 1,386
Cập nhật 29-03-2024 22:48:03
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 18:53:13 29/03/2024
Xem bảng tỷ giá hối đoái
adver main right