{"id":71092,"date":"2022-12-06T18:03:14","date_gmt":"2022-12-06T16:03:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=71092"},"modified":"2025-09-08T06:16:31","modified_gmt":"2025-09-08T03:16:31","slug":"changpeng-zhao-calls-sam-bankman-fried-one-of-the-greatest-fraudsters-in-history","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/changpeng-zhao-calls-sam-bankman-fried-one-of-the-greatest-fraudsters-in-history\/","title":{"rendered":"Changpeng Zhao calls Sam Bankman-Fried &#8216;one of the greatest fraudsters in history&#8217;"},"content":{"rendered":"<p>Binance chief Changpeng Zhao called Sam Bankman-Fried (SBF), founder and former CEO <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">the bankrupt FTX exchange<\/a>, &#8216;one of the greatest fraudsters in history&#8217;.<\/p>\n<blockquote class='twitter-tweet' data-lang='en'>\n<p lang='en' dir='ltr'>1 \u201cCZ wants to be the savior of crypto.\u201d <\/p>\n<p>Crypto doesn\u2019t need saving. Crypto is fine. It\u2019s the beauty of decentralization. We are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. It\u2019s in our collective best interest.<\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href='https:\/\/twitter.com\/cz_binance\/status\/1600083613780824064?ref_src=twsrc%5Etfw'>December 6, 2022<\/a><\/p><\/blockquote>\n<p> <script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;He is also a master manipulator when it comes to the media and key opinion leaders,&#8217; added Zhao (CZ).<\/p>\n<\/blockquote>\n<p>The Binance founder weighed in on the main narratives circulating in the community, breaking them down point by point:<\/p>\n<ul class='wp-block-list'>\n<li>CZ wants to be the savior of the crypto industry.<\/li>\n<\/ul>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;The industry does not need saving; it is fine. It is the virtue of decentralization, and we are simply part of it and want to help other good projects that have fallen on hard times. It is in our collective interest.&#8217;<\/p>\n<\/blockquote>\n<ul class='wp-block-list' start='2'>\n<li>FTX killed a third party.<\/li>\n<\/ul>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;No healthy business can be destroyed by a tweet. If there was one, it was <a href=\"https:\/\/u1f987.com\/en\/news\/alameda-research-says-it-would-buy-ftt-from-binance-at-22-per-token\">Caroline Ellison&#8217;s response<\/a> to <a href=\"https:\/\/u1f987.com\/en\/news\/alameda-research-says-it-would-buy-ftt-from-binance-at-22-per-token\">my tweet from November 6<\/a>. The data show that it became a real reason for people to dump FTT.&#8217;<\/p>\n<\/blockquote>\n<ul class='wp-block-list' start='3'>\n<li>SBF vs. CZ \u2014 an epic showdown.<\/li>\n<\/ul>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;We do not chase competitors, because it&#8217;s a waste of time and resources when only about 6% of the population engages with the industry. We want more diversity in the ecosystem of exchanges, blockchains, wallets and other things.&#8217;<\/p>\n<\/blockquote>\n<p>Zhao also rejected the view that SBF had good intentions but made certain mistakes. Zhao emphasised the founder&#8217;s &#8216;relentless tendency&#8217; to present him and others as &#8216;bad guys&#8217;, and himself as &#8216;the hero&#8217;.<\/p>\n<p>Earlier, Galaxy Digital founder <a href=\"https:\/\/u1f987.com\/en\/news\/who-is-mike-novogratz\">Mike Novogratz<\/a> criticised SBF for his remarks in the media, <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-calls-sam-bankman-frieds-statements-delusional\">calling them &#8216;nonsense&#8217;<\/a>.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href='https:\/\/telegram.me\/forklog' target='_blank' rel='nofollow noopener'>Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance chief Changpeng Zhao called Sam Bankman-Fried, founder and former CEO of the bankrupt FTX exchange, &#8216;one of the greatest fraudsters in history&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":71093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[935,1138,1403],"class_list":["post-71092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-changpeng-zhao","tag-opinions","tag-sam-bankman-fried"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=71092"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71092\/revisions"}],"predecessor-version":[{"id":71094,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/71092\/revisions\/71094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/71093"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=71092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=71092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=71092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}