Quote from: trytrades69 on December 07, 2022, 09:10:51 AM

Binance CEO Changpeng Zhao (CZ) denied claims that he was the culprit for the collapse of the FTX crypto exchange. FTX experienced a liquidity crisis shortly after Binance's founders announced to liquidate all FTT tokens.

According to Binance's CEO, CZ, he was not the cause of the FTX collapse, but FTX founder Sam Bankman-Fried (SBF) who designed this, CZ also said "SBF as one of the biggest scammers of all time."
CZ claims that SBF intends to establish itself as a hero in the destruction of the FTX exchange, as well as maintain the narrative that he made a mistake.

Sam is really the real culprit because he didnt have any protection for his company on scenario like this while he keeps spending the company liquidity without taking in consideration that liability is already greater than the FTX assets in case one of the major investors pull out. This can be avoided if they have terms that protect them on moves like this by CZ. Clearly Sam trust that CZ will never gonna pull out there assets due to the profit that they are giving. Its too bad that CZ decided to cut lose with them to dominate again the market.

CZ is part of the collapse of FTX because he knew that will happened before he decided to stirred the issue about Binance pulling there asset. This bullshit claim of CZ is just an act to clean his hands but destroying FTX is part of his plan. The crypto market is just a collateral on the war between the 2 giant crypto exchange.

Quote from: trytrades69 on December 07, 2022, 09:10:51 AM

Interestingly, Binance's CEO was accused of being responsible for the fall of the exchange after the announcement of the liquidation of FTT, FTX's native token. However, Zhao said "if FTX's business model is healthy, it won't collapse in a single tweet".

Binance's CEO revealed this in response to a Bloomberg report trying to link the FTX collapse to CZ's twitter.

This is indeed the start of everything because FTX investor and user will not panic if they exit silently instead they broadcast it to create FUD and reduce the liquidity of FTX further to push the collapse plan. Only no brainer will believe that CZ didnt plan the fall of FTX. Possibly he knew how rotten the financial status of FTX thats why he knew when to press his attack for a sure damage.

Quote from: trytrades69 on December 07, 2022, 09:10:51 AM

Read more => https://trynews.id/ceo-binance-mengatakan-pendiri-ftx-sebagai-salah-satu-penipu-terbesar-dalam-sejarah/

It will be better if you will share the source in english since you are posting in global discussion board.