{"id":73030,"date":"2023-01-25T11:54:25","date_gmt":"2023-01-25T09:54:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73030"},"modified":"2025-09-09T11:50:48","modified_gmt":"2025-09-09T08:50:48","slug":"changpeng-zhao-ftx-paid-43-million-for-fud-campaign-against-binance","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/changpeng-zhao-ftx-paid-43-million-for-fud-campaign-against-binance\/","title":{"rendered":"Changpeng Zhao: FTX paid $43 million for FUD campaign against Binance"},"content":{"rendered":"<p>One of the unnamed media outlets received $43 million from FTX to publish a negative note about Binance. This was disclosed during a Twitter AMA session by the CEO of the affected exchange, Changpeng Zhao, according to<a href=\"https:\/\/cryptoslate.com\/cz-alleges-ftx-paid-43m-to-news-organization-to-publish-binance-fud\/\"> CryptoSlate<\/a>.<\/p>\n<p>The executive noted that he is not troubled by &#8216;short-sellers&#8217; who seek to generate negative news to improve trading performance, and cryptosceptics like Peter Schiff, who &#8216;do not understand the industry&#8217;.<\/p>\n<p>But in the news flow he separately highlighted, according to him, FTX-funded FUD coverage of the Binance situation. <span data-descr=\"Fear, Uncertainty and Doubt - fear, uncertainty and doubt\" class=\"old_tooltip\">FUD<\/span>-coverage of the Binance situation.<\/p>\n<p>He admitted that he does not expect such campaigns to stop, but expressed confidence that in the future this will not cause much concern. Zhao praised people&#8217;s ability to come to their own conclusions, not reacting to <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9A%D0%BB%D0%B8%D0%BA%D0%B1%D0%B5%D0%B9%D1%82\" title=\"\">clickbait<\/a>.<\/p>\n<p>The head of Binance also estimated a 75% share of artificial intelligence involvement in customer-support responses, and in areas such as risk management, transaction monitoring, fraud detection and market manipulation.<\/p>\n<p>Zhao forecast further adoption of the technology in data analysis and detection of critical changes in risk as it improves.<\/p>\n<p>Earlier Binance named<a href=\"https:\/\/u1f987.com\/en\/news\/binance-hydra-and-finiko-named-leading-counterparties-in-bitzlato-case\"> one of the leading counterparties<\/a> in the Bitzlato platform case, which US authorities accuse of laundering $700 million.<\/p>\n<p>Previously Forbes reported a significant<a href=\"https:\/\/u1f987.com\/en\/news\/forbes-binance-faces-mass-asset-outflow\"> outflow of client funds<\/a> from the exchange.<\/p>\n<p>Back in December, Zhao said<a href=\"https:\/\/u1f987.com\/en\/news\/changpeng-zhao-refutes-rumors-of-liquidity-problems-at-binance\"> there was sufficient liquidity<\/a> to satisfy withdrawal requests for all client assets of Binance.<\/p>\n<p> Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the unnamed media outlets received $43 million from FTX to publish a negative note about Binance. This was disclosed during a Twitter AMA session by the CEO of the affected exchange, Changpeng Zhao, according to CryptoSlate.<\/p>\n","protected":false},"author":1,"featured_media":73031,"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":[744,935,1236],"class_list":["post-73030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao","tag-ftx"],"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\/73030","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=73030"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73030\/revisions"}],"predecessor-version":[{"id":73032,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73030\/revisions\/73032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73031"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}