CZ Suggests SBF Stop Tweeting To Solve The Problem

In CZ’s latest share about the collapse of FTX, he thinks that SBF should not tweet but give time to solve the problem. Besides, Binance CEO also responded to the negative comments of Nouriel Roubini.

On November 17, Changpeng Zhao, CEO of Binance, said in an interview with CNBC that Binance’s goal it’s not about getting rid of smaller platforms but helping them through the ongoing difficulties in the industry.

Responding to the question that he is the “sparring partner” in the tweet shared by SBF, CZ said that SBF should not tweet but use that time to solve his problems.

“When he tweets about a sparring partner, his house is burning and all this is happening, he’s losing focus. I didn’t know this problem existed in FTX before otherwise we would’ve sold those FTT tokens a long time ago,”

He told CNBC’s Dan Murphy

He also elaborated on Binance’s decision to withdraw FTX support on November 9, sharing his discovery that FTX has more serious problems than imagined.

“To be quite clear [Bankman-Fried] came to me. When he came to me I knew he was desperate. So probably a bunch of people passed on the deal before us,(…). It didn’t take us very long to figure out there were way bigger problems [at FTX] than we imagined,”

When asked if he thought the former FTX CEO was a criminal, Zhao said he would leave that judgement to other people but said he ”[knew] there have been lies and there has been misappropriation of people’s funds” which he described as “fraud.”

In a separate interview with CNBC’s “Squawk Box” Thursday, Zhao said he was “very shocked” when he found out about how Bankman-Fried behaved.

Economist Nouriel Roubini described the cryptocurrency and some of its key players as a “completely spoiled ecosystem” at Wednesday’s Abu Dhabi Financial Week event.

In the interview he described Changpeng Zhao as one of the “seven Cs of crypto” – an unflattering list which also included “concealed, corrupt, crooks, criminals, con men, carnival barkers”.

Responding to this issue CZ said, he does not care.

“We don’t care,(…). Negative energy doesn’t make it far in life and those people will generally stay poor,” he said, implying Roubini was “very impolite” and somebody who “doesn’t know” the local custom.”

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