Sam Bankman-Fried (SBF) has spoken out following Binance founder Changpeng Zhao’s (CZ) public thread referring to Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” The feud continued following CZ’s recent allegations that CZ accused SBF of trying to depeg USDT through Alameda.
It seems $15m not only changed @kevinolearytv’s mind about crypto, it also made him align with a fraudster. Is he seriously defending SBF?https://t.co/JoKapOcMXr (baseless attacks start around 4:20).
A thread. 1/11
— CZ
Binance (@cz_binance) December 9, 2022
CZ alleged that SBF “launched a series of offensive tirades at multiple Binance team members” in his Twitter thread.
11/11 If @kevinolearytv is looking for someone to blame for the implosion of FTX, he should start by wagging his finger at his investment partner, Sam, and then perhaps at the man in the mirror.
— CZ
In rebuttal, SBF announced that CZ had “won” and alleged that CZ had lied regarding the details surrounding Binance’s buyout of FTX.
You won, @cz_binance.
There’s no need to lie, now, about the buyout.
We initiated conversations around buying you out, and we decided to do it because it was important for our business.
And while I was frustrated with your ‘negotiation’ tactics, I chose to still do it.
— SBF (@SBF_FTX) December 9, 2022
Continuing his rebuttal, SBF alleged that CZ threatened to leave the deal if FTX didn’t “kick in an extra ~$75m.”
You threatened to walk at the last minute if we didn’t kick in an extra ~$75m.
We did it anyway because this just made us feel more confident we didn’t want Binance on our cap table.
But again, none of this is necessary. You won. Why are you lying about this now?
— SBF (@SBF_FTX) December 9, 2022
Reiterating that CZ has “won,” SBF questioned CZ’s statements, asking – and alleging – why CZ is lying.
Among other things, as you know, you didn’t even have the rights to pull out as an investor unless we chose to buy you out–much of the tokens/equity were still locked.
— SBF (@SBF_FTX) December 9, 2022
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