“Now CZ Is A Hero”, Says SBF After FTX Crash

SBF Chat Leak: Sam Bankman-Fried (SBF), former CEO of collapsed FTX has become the talking point in the digital asset industry. However, in a recent interaction, SBF unveiled his stance over his strategy after the FTX collapse and Binance Chief, CZ.

Is SBF Chat not happy with CZ?

The chats shared by VOX reveal that all the things SBF said about unethical things in the ecosystem are all dumb. He added that his comments about it were not really true. SBF mentioned that everyone goes around pretending that perception reflects reality.

SBF advised that some of this decade’s greatest heroes will never be known. However, some of its most beloved people are shams.

On being asked about “doing unethical shit”, SBF stated that a month ago Binance CEO, CZ was a walking example of “don’t do unethical shit” or your money is worthless.

However, now CZ is a hero just because he’s virtuous?, or just because CZ had the bigger balance sheet, so he won, smartly enquired SBF.

Coingape reported that CZ, Binance announced plans to launch an industry recovery fund to support projects affected by the recent crisis. This major announcement came after the collapse of its rival crypto exchange FTX.

Ex FTX CEO on regualators

Meanwhile, SBF’s attitude towards regulators was very rude. He wrote that ‘F*** Regulators” and added that they make everything worse. He asserted that they don’t protect customers at all.

Coingape reported that the FTX triggered debacle has reached the U.S House of Representatives. A Group of lawmakers is seeking to call SBF to testify over the recent FTX crash.

However, reports have suggested that CFTC might face trouble over the collapse of FTX. SBF allegedly hired various CFTC officials in the company to look over some key roles. While he lobbied for CFTC to become top authority to regulate crypto.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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Source: https://coingape.com/sbf-chat-leak-now-cz-is-a-hero-says-sbf-after-ftx-crash/