...By Henry George for TDPel Media.
Former FTX CEO Sam Bankman-Fried has been accused of spreading “fake rumors” about Binance CEO Changpeng Zhao through Twitter and other means, according to Patrick Hillmann, the chief strategy officer at Binance.
Hillmann claimed that Bankman-Fried used his influence to label Zhao as an “evil Chinese” to perpetuate his alleged scams at FTX.
The public relationship between the two cryptocurrency exchanges was often antagonistic, although they had financial ties.
Bankman-Fried’s alleged denigration of Zhao occurred before and after FTX filed for bankruptcy in November 2022.
In November, Zhao announced Binance’s plans to liquidate its position in FTX Tokens (FTT) before FTX’s bankruptcy, suggesting that Binance would consider purchasing the competitor.
However, when the deal fell apart and FTX filed for Chapter 11, the two industry leaders traded insults on social media.
Zhao called Bankman-Fried a “fraudster,” while the former FTX CEO suggested that Zhao lied about the buyout discussions.
Zhao still leads Binance as CEO, while Bankman-Fried faces 13 federal charges related to bribery and wire fraud and has limited internet access as part of his bail conditions.
The allegations against Bankman-Fried were made on Twitter in response to an article in Puck News, written by William Cohan, about FTX’s collapse.