Changpeng Zhao calls SBF a “psychopath,” 3AC co-founder accuses FTX and Alameda of hunting his hedge fund

In a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called former FTX CEO Sam Bankman-Fried (SBF) “psychopath” for one of the tweets SBF wrote last week. CZ’s statements follow accusations by Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that FTX and Alameda Research “colluded to trade against customers.”

Binance CEO tells Sam Bankman-Fried to get dressed and face the music in Washington DC.

Crypto-currency industry executives aren’t too happy with former FTX CEO Sam Bankman-Fried (SBF), and lately SBF has been the subject of much criticism. Changpeng Zhao, CEO of Binance (CZ) spoke to SBF with the Milken Institute on November 17, 2022, and he explained that he didn’t know why SBF was so important. considered Binance as a “sparring partner“.

20) At some point I might have more to say about a particular sparring partner, so to speak.

But you know, glass houses. So for now, all I’ll say is:

well played; you won.

– SBF (@SBF_FTX) November 10, 2022

CZ said that when SBF contacted the Binance executive, CZ thought it was an over-the-counter (OTC) transaction to buy FTT tokens. Then, CZ noted that when SBF called the former FTX CEO, he explained in detail that they had “big problems” and that the company was “looking for a buyout“.

At the Milken Institute event, CZ was asked why SBF was tweeting and calling Binance or CZ a “sparring partner.” The Binance CEO responded by saying.I think only a psychopath would write that tweet“. In addition to calling SBF a psychopath, CZ also noted that he thinks SBF should stop tweeting and noted that he should “put on a suit” to face the music in Washington DC.

Kyle Davies, co-founder of 3AC, accuses FTX/Alameda of colluding to trade against customers, SBF denies charges, Alameda involved in Celsius failure.

Binance’s CEO isn’t the only person to criticize FTX and Alameda, as the co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), Kyle Davies, has accused FTX and Alameda of colluding against the company.

Speaking to CNBC’s Kate Rooney, Davies claims that “FTX [et] Alameda Research agreed to negotiate against clients” and added: “We, [Three Arrows Capital] have been driven out and our positions liquidated“. However, CNBC received a statement from SBF that said it was “shocked” by Davies’ allegations and said, “there is no truth in their allegations here.”

Although, FTX and Alameda have been accused of stopping the hunt in the past and a Twitter feed recorded on archive.org claims that Alameda and FTX were involved in the Celsius collapse. The Plan C Twitter account claims that when Terra’s UST stablecoin collapsed, “Celsius went out first, took the smallest losses and would not participate in the bailout.”

Dumb game woke westerns play

– Kyle Davies 🔺 (@KyleLDavies) November 16, 2022

Plan C insisted that after the Celsius leak, Alameda and FTX were stuck with locked LUNA and UST bags. Alameda was also accused of manipulating the price of WAVES and selling lots of Lido’s staked ether called STETH. Just before FTX filed for bankruptcy protection, SBF announced to the public that Alameda would be terminating his trading operations. Davies’ charges show that FTX and Alameda may have had more than Binance as “sparring partner“.