During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that both FTX and Alameda Research “colluded to trade against clients.”
Binance CEO Asks Sam Bankman-Fried to Suit Up and Face the Music in Washington DC
Crypto industry executives are none too pleased with former FTX CEO Sam Bankman-Fried (SBF) and the SBF has been receiving a lot of criticism in recent days. Binance CEO Changpeng Zhao (CZ) talked about SBF with Milken Institute on Nov 17, 2022, and he explained that he doesn’t know why SBF considered Binance is a “combat partner”.
CZ says that when SBF reached out to the Binance executive, CZ thought it was about an over-the-counter (OTC) deal to buy FTT tokens. Then CZ noted that when SBF called the former FTX CEO detailed that they were in “big trouble” and the company was “looking for a buyout.”
At the Milken Institute event, CZ was asked why SBF would tweet and call the company Binance or CZ a “competing partner.” Binance CEO responded and said “I think only a psychopath could have written that tweet.” In addition to calling SBF a psychopath, CZ further stated that he believed SBF should stop tweeting and that he should “wear a suit” to face the music in Washington DC.
3AC Co-Founder Kyle Davies Accuses FTX/Alameda of Colluding ‘to Trade Against Clients,’ SBF Denies Accusations, Alameda Implicated in Celsius Failure
The Binance CEO is not the only person criticizing FTX and Alameda, as the co-founder of the now-defunct Three Arrows Capital (3AC) crypto hedge fund, Kyle Davies, accused FTX and Alameda of colluding against the firm.
Speaking with CNBC’s Kate Rooney, Davis alleged that “FTX [and] Alameda Research colluded to trade against customers” and added: “We, [Three Arrows Capital], were hunted down and our positions were liquidated. However, CNBC obtained a statement from the SBF which said it was “shocked” about Davis’s allegations and added: “There is no truth to his allegations here.”
Although, FTX and Alameda have been accused of stop hunting in the past and one Twitter thread saved to archive.org claims Alameda and FTX were involved in Celsius going under. The Twitter account Plan C says that when Terra’s stablecoin UST collapsed, “Celsius got out the door first, suffered the lowest loses and didn’t want any part of the bailout.”
Plan C insists that after Celsius escapes, Alameda and FTX are trapped in the lock holding Luna and the UST bag. Almeida was also accused of rigging the price of WAVES and selling a lot of Ether to Lido called STETH. Just before FTX filed for bankruptcy protection, SBF told the public that Alameda would be ceasing business operations. Davis’s allegations suggest that FTX and Almeida may have more than just Binance as their so-called ‘combat partner’.
