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.
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.
Read more =>
https://trynews.id/ceo-binance-mengatakan-pendiri-ftx-sebagai-salah-satu-penipu-terbesar-dalam-sejarah/As I said earlier CZ can't be responsible for anything related to FTX fall, if their system is promising why the whole company will become bankrupt because of liquidity issues happens on other exchange.
What CZ did is just watching the fall of the competitor instead of acquiring it but we can't blame him for not buying the FTX exchange. Anyways blaming one another is not going to compensate the loss made by the users so this should atleast be a lofe lesson for upcoming traders who uses centralized exchanges.