{"id":14565,"date":"2022-11-17T17:59:07","date_gmt":"2022-11-17T17:59:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-ceo-cz-calls-sbf-a-psychopath-3ac-co-founder-accuses-ftx-alameda-of-stop-hunting-his-hedge-fund-bitcoin-news\/"},"modified":"2022-11-17T17:59:07","modified_gmt":"2022-11-17T17:59:07","slug":"binance-ceo-cz-calls-sbf-a-psychopath-3ac-co-founder-accuses-ftx-alameda-of-stop-hunting-his-hedge-fund-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-ceo-cz-calls-sbf-a-psychopath-3ac-co-founder-accuses-ftx-alameda-of-stop-hunting-his-hedge-fund-bitcoin-news\/","title":{"rendered":"Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a \u201cpsychopath\u201d for one of the tweets SBF wrote last week. CZ\u2019s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that both FTX and Alameda Research \u201ccolluded to trade against clients.\u201d<\/strong><\/p>\n

Binance CEO Tells Sam Bankman-Fried to Suit Up and Face the Music in Washington DC<\/h2>\n

Crypto industry executives are not too pleased with the former FTX CEO Sam Bankman-Fried (SBF) and in recent times SBF has been getting a lot of criticism. Binance CEO Changpeng Zhao (CZ) talked<\/a> about SBF with the Milken Institute on Nov. 17, 2022, and he explained that he did not know why SBF considered<\/a> Binance a \u201csparring partner.\u201d<\/p>\n

\"Binance
Binance CEO Changpeng Zhao (CZ) recently discussed the former FTX CEO\u2019s comments on Twitter and said he should probably stop tweeting.<\/figcaption><\/figure>\n

CZ says that when SBF reached out to the Binance executive, CZ thought it was about an over-the-counter (OTC) deal to buy FTT tokens. Then CZ noted that when SBF called the former FTX CEO detailed that they were in \u201cbig trouble\u201d and the company was \u201clooking for a buyout.\u201d<\/p>\n

CZ was asked at the Milken Institute event why SBF would tweet and call the company Binance or CZ a \u201csparring partner.\u201d The Binance CEO responded and said \u201cI think only a psychopath can write that tweet.\u201d In addition to calling SBF a psychopath, CZ further noted that he believes SBF should stop tweeting and noted that he should \u201cput on a suit\u201d to face the music in Washington D.C.<\/p>\n

3AC Co-Founder Kyle Davies Accuses FTX\/Alameda of Colluding \u2018to Trade Against Clients,\u2019 SBF Denies Accusations, Alameda Implicated in Celsius Failure<\/h2>\n

The Binance CEO is not the only person criticizing FTX and Alameda, as the co-founder of the now-defunct Three Arrows Capital (3AC) crypto hedge fund, Kyle Davies, accused<\/a> FTX and Alameda of colluding against the firm.<\/p>\n

\"Binance
SBF\u2019s Alameda Research had been seen doing interesting trades on social media with crypto tokens like UST, LUNA, CEL, WAVES, and STETH.<\/figcaption><\/figure>\n

Speaking with CNBC\u2019s Kate Rooney, Davies alleges that \u201cFTX [and] Alameda Research colluded to trade against clients\u201d and further said: \u201cWe, [Three Arrows Capital], were hunted and our positions liquidated.\u201d However, CNBC received a statement from SBF that said he was \u201cshocked\u201d about Davies\u2019 allegations and said: \u201cthere\u2019s no truth to their allegations here.\u201d<\/p>\n

\"Binance<\/p>\n

Although, FTX and Alameda have been accused of stop hunting<\/a> in the past and one Twitter thread<\/a> saved to archive.org claims Alameda and FTX were involved in Celsius going under. The Twitter account Plan C says that when Terra\u2019s stablecoin UST collapsed, \u201cCelsius got out the door first, suffered the lowest loses and didn\u2019t want any part of the bailout.\u201d<\/p>\n

\n

Dumb game woke westerns play<\/p>\n

\u2014 Kyle Davies \ud83d\udd3a (@KyleLDavies) November 16, 2022<\/a><\/p>\n<\/blockquote>\n

Plan C insisted that after Celsius fled, Alameda and FTX got stuck holding locked LUNA and UST bags. Alameda was also accused of manipulating the price of WAVES and selling lots of Lido\u2019s staked ether<\/a> called STETH. Just before FTX filed<\/a> for bankruptcy protection, SBF told<\/a> the public that Alameda would sunset trading operations. Davies\u2019 accusations show FTX and Alameda may have had more than just Binance as a so-called \u2018sparring partner.\u2019<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
3AC co-founder<\/a>, alameda<\/a>, Binance CEO<\/a>, cnbc<\/a>, crypto assets<\/a>, CZ<\/a>, ftx<\/a>, FTX collapse<\/a>, FTX Sam Bankman-Fried<\/a>, Hunting<\/a>, Kyle Davies<\/a>, LUNA<\/a>, Plan C<\/a>, Psychopath<\/a>, Sam Bankman-Fried<\/a>, sbf<\/a>, sparring partner<\/a>, STETH<\/a>, Stop Hunting<\/a>, Three Arrows Capital<\/a>, Three Arrows Capital (3AC)<\/a>, UST<\/a>, WAVES<\/a><\/div>\n<\/div>\n

What do you think about Binance\u2019s CZ calling SBF a \u201cpsychopath\u201d and 3AC co-founder Kyle Davies accusing FTX\/Alameda of stop hunting his hedge fund? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n