Changpeng Zhao, the CEO of Binance (also known as “CZ”), voiced his opposition to Sam Bankman-Fried, the discredited founder of FTX and his once -$32 billion crypto business. CZ addressed several false narratives around FTX’s abrupt decline on Tuesday on Twitter. By transaction volume, CZ confounded Binance, the world’s biggest crypto exchange.
CZ’s Remark on FTX’s CEO
Bankman-Fried stated that SBF continued portraying him and other individuals as evil. The executive of Binance tweeted that it was essential to uphold the delusion that he was a hero. SBF is a brilliant manipulator of the media and influential figures, ranking among the biggest scammers in history.
4.2 SBF perpetuated a narrative painting me and other people as the “bad guys”. It was critical in maintaining the fantasy that he was a “hero.” SBF is one of the greatest fraudsters in history, he is also a master manipulator when it comes to media and key opinion leaders.
— CZ 🔶 Binance (@cz_binance) December 6, 2022
As a means of undermining its opponent, some have pointed to CZ’s tweet indicating that Binance is giving up its FTT position. Bankman-FTX Fried’s was about to go bankrupt, but the executive of Binance claims that a tweet can crush no solid industry. In a tweet on November 6 offering to purchase Binance’s FTT holdings, Alameda Research CEO Caroline Ellison handed away the token’s floor, according to CZ, referencing a Bloomberg story. When it comes to allegations claiming a 3rd party hacked FTX, CZ claimed that the trade killed themselves and its users since they took billions in user accounts.
Bankman Fried blames FTX’s failure on accounting mistakes and insists he never purposefully misappropriated money or deceived anyone. At the New York Times DealBook Summit on November 30, he stated that he never attempted to engage in fraud. A month earlier, he was optimistic about FTX’s future. He perceived it as a successful, expanding company. What happened this month has shaken him. There were several things he regretted he had done wrong after rebuilding it.
Jim Cramer Felt “Reassured” by Binance
Yesterday’s tweet from a tweet from CNBC affiliate Jim Cramer expressed his satisfaction with Binance. The well-known analyst previously advised traders to leave the Bitcoin space, but he now looks optimistic about the future of the crypto exchange. But is Cramer’s optimism justified?
For many people working in the sector, the platform’s tragic demise spelled near-fatal disaster Due to the unlawful exposure of the FTX incident; it has also affected the faith and confidence of several crypto exchange platform users. However, one well-known figure in finance is still optimistic about a survivor in the industry. According to Jim Cramer’s tweet, Binance had “reassured” him. Anyone who works in the finance system is familiar with Cramer. Therefore, his opinions carry weight.
Do you feel as reassured by Binance as i do?
— Jim Cramer (@jimcramer) December 14, 2022
Due to their overwhelming domination, FTX and Binance have been bitter rivals for a very long time. Since FTX failed, consumer reluctance has damaged consumer confidence in Binance and contributed to its withdrawal problems.
Twitter Trend RIP Binance
My condolences to all crypto investors. The kiss of death just occurred.
Jim Cramer: “CZ looks like a good guy. I’m bullish here”
RIP Binance – Inverse Cramer#JimCramer pic.twitter.com/FcjiFRbTVm
— Wall Street Silver (@WallStreetSilv) December 13, 2022
The trend RIP Binance was nearly started by World Street Silver yesterday, and since then, Twitter has been in a state of panic. Investors in Binance run the risk of losing their money, or Binance may be closed. However, if Binance commits fraud or is shut down, no one will continue to have faith in cryptocurrencies anymore.
Everything about Binance Dogecoin
- Dogecoin Binance was created by programmers Billy Markus and Jackson Palmer. Many Dogecoin enthusiasts see the removal of the supply limit as a good choice because it encourages the spending of the coin and stops early adopters from profiting disproportionately.
- Binance vs Coinbase: The cryptocurrency exchanges Binance and Coinbase take conflicting views. A U.S.-based exchange with a straightforward UI and few available transaction types, Coinbase is geared at novices. Binance offers hundreds of currency exchange alternatives to international businesses, enables expert users, and has a severe development cycle.
- Learn what is Binance Chain wallet. It may be used to connect cryptocurrencies and projects, including Binance Chain, Binance Smart Chain, and Ethereum, and the authorized wallet for the Binance cryptocurrency. You can link this wallet to several Blockchain projects to securely store your cryptocurrencies.
- To physically add Binance Smart Chain MetaMask, complete the following four steps:
Step 1: Launch the MetaMask browser extension. By clicking the MetaMask icon in the top right corner of your screen, you can access the MetaMask web browser.
Step 2: Add network in.
Step 3: Enter your BSC details.
Step 4: Select the “Save” button.
- A Blockchain and cryptocurrency business called SafeMoon Binance was established in March 2021. Additionally, the business has a cryptocurrency called SafeMoon (SFM) that exchanges on the Binance Smart Chain platform.
