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Sam Bankman-Fried and CZ Clash Over Details Surrounding FTX's Exit from Binance

Katie Lin

Summary: Former FTX CEO Sam Bankman-Fried and Binance CEO Changpeng “CZ” Zhao has been engaging in a war of words on social media over FTX’s buyout of Binance’s investment within the company in 2021. According to Bankman-Fried, CZ had threatened to withdraw its investment if FTX did not add another $75 million to the deal. Meanwhile, ...

Former FTX CEO Sam Bankman-Fried and Binance CEO Changpeng “CZZhao has been engaging in a war of words on social media over FTX’s buyout of Binance’s investment within the company in 2021.

According to Bankman-Fried, CZ had threatened to withdraw its investment if FTX did not add another $75 million to the deal.

Meanwhile, CZ claims that Bankman-Fried had sent a series of offensive messages to members of Binance when the company announced its withdrawal.

FTX eventually filed for bankruptcy last month, losing billions of dollars of client funds, with Bankman-Fried resigning shortly thereafter.

Author: Katie Lin

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Link: Sam Bankman-Fried and CZ Clash Over Details Surrounding FTX's Exit from Binance   [Copy]
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