Binance CEO Changpeng Zhao Sets the Record Straight

This Twitter Thread is by Changpeng Zhao @cz_binance (source: 12-06-2022). Zhao is the CEO of Binance.

A list of wrong narratives I have seen recently.

1 “CZ wants to be the savior of crypto.”

Crypto doesn’t need saving. Crypto is fine. It’s the beauty of decentralization. We are just part of it. We want to help other good projects that may be in a cash crunch because of recent events. It’s in our collective best interest.

2 “FTX was killed by xyz (ie, a 3rd party)”

No, FTX killed themselves (and their users) because they stole billions of dollars of user funds. Period.

3 “SBF had good intentions, but just made some mistakes.”

Lying is never with good intentions.

4. “CZ’s tweet destroyed FTX”

No healthy business can be destroyed by a tweet.

However, there was a tweet that may have, Caroline’s tweet 16 minutes after mine on Nov 6. Data shows it was the real cause for people to dump FTT:

https://www.bloomberg.com/news/articles/2022-11-18/ftx-s-point-of-no-return-was-ellison-s-tweet-trade-data-show

4.1 She gave her floor price away...

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.

5. “SBF vs CZ: The Epic Showdown”

We don't focus on competitors because it's a waste of time and resources when the industry has only touched 6% of the population. We want multiple exchanges, multiple blockchains, multiple wallets, etc, to co-exist in the ecosystem.

Back to Building! (#BNB)

Feature image generated via HackerNoon Stable Diffusion prompt of ‘Setting the Record Straight’