Updated on January 10, 2023 2:14 PM
Elon Musk made fun of former FTX CEO Sam Bankman-Fried in a tweet today, claiming that the problematic cryptocurrency creator was better at buying off media sources than operating the now-defunct FTX. Earlier this morning, as we reported, Elon Musk denied allegations that the former head of FTX had bought a $100 million investment in Twitter.
Elon Musk and Changpeng Zhao are two of the most well-known people that have expressed their dislike for SBF. The CEO of Binance, Changpeng Zhao (CZ), responded to this tweet with a laughing emoji. Binance had intended to purchase FTX, as is well known. But that plan backfired a little more than 24 hours later, as we have reported. View it here.
Following the failure of his exchange FTX, the general public's perception of SBF has unquestionably deteriorated. He was one of the most respected individuals in the market and made history by becoming the guy behind a multi-billion-dollar company whose collapse resulted in significant losses for investors.
Some believed Zhao to be the unnamed "sparring partner" Bankman-Fried described in one of his most recent public posts, which could have driven the FTX platform into a death spiral.
Only a "psychopath," according to the CEO of Binance, could send such a tweet, and he denied any involvement in the crash. Contrarily, neither CZ nor Binance was referenced in SBF's tweet. Well, the guilty would always know, as they say.
Meanwhile, Zhao denied the claims that he called SBF a "psychopath" for posting that tweet in a recent conversation. He said that Binance does not seek to displace smaller platforms but rather to support them in the face of the current unfavorable situation.
"He never told me I was his sparring partner. We never view other exchanges as sparring partners, and it's not a boxing match," CZ added.
He also claimed that SBF should quit his puzzling tweets and focus on resolving the issues brought on by the crash of his organization: "He should be working on other things. He should not be writing tweets. In one of the messages I sent him in a group, I said: 'Honest advise, Sam, stop doing whatever you are doing, don't do anything more, put on a suit, go to DC and start answering questions."