Changpeng Zhao’s disinformation is SBF’s typical

After FTX filed for Chapter 11, CZ dubbed SBF a fraudster, and FTX's former CEO claimed Zhao lied about acquisition chats on social media.

Changpeng Zhao's disinformation is SBF's typical
Changpeng Zhao's disinformation is SBF's typical

Patrick Hillmann asserts that former FTX CEO Sam Bankman-Fried disseminated “fake rumors” about Binance CEO Changpeng Zhao via Twitter and other platforms.

Hillmann, the chief strategy officer at Binance, claimed in a 21 April Twitter thread that Bankman-Fried used his influence to designate CZ as an “evil Chinese” by spreading “fake rumors” to perpetuate his alleged schemes at FTX.

Before and after FTX’s bankruptcy filing in November 2022, SBF and CZ’s public relationship was frequently antagonistic despite their financial ties.

“Sam demeaning CZ was the norm for us,” Hillman stated. “had nothing to do with deciding to sell the worthless FTT on the company’s books.”

In November, CZ disclosed plans for the exchange to liquidate its position in FTX tokens before FTX’s bankruptcy, suggesting that Binance may contemplate acquiring the rival.

When the transaction fell through and FTX filed for Chapter 11, the two industry leaders exchanged insults on social media, with CZ labeling SBF a “fraudster” and the former CEO of FTX implying that Zhao lied about the acquisition talks.

Zhao continues to serve as CEO of Binance and frequently posts on social media despite regulatory changes affecting crypto firms.

In contrast, Bankman-Fried faces 13 federal offenses, including those related to bribery and wire fraud, and his parole conditions restrict his Internet access.