The dust has barely settled after the Chaopeng Zhao (CZ) and Sam Bankman-Fried (SBF) war when yet another spat has begun. The fire starter this time round was CZ. How did it all begin? Believe it or not, CZ did out start out naming SBF ─ he took to Twitter to fire at Kevin O’Leary for his recent remarks on an 8 December episode of CNBC’s Squawk Box.
The likely reasons for this were most likely because of O’Leary’s defense of SBF and FTX, comments toward Binance claiming that their “opaque” leadership caused FTX problems worldwide, and voicing his support for SBF in another venture if requested. In short, if you support SBF and attempt a whack at Binance and or CZ, be prepared for a Twitter-worthy series dedicated to you.
Two of CZ’s Twitter posts were directed at SBF since he directly named him.
It is not surprising when SBF responded to CZ’s ‘provocation’, telling the CEO of Binance that since he won, there is need to lie anymore about the buyout.
If you think it ended at the reigning champion and the defeated party taking a swing at each other, how wrong can you be ─ CZ was not one to back down and he responded to SBF’s reply saying, “It was never a competition or fight. No one won.” The idiom, ‘an eye for an eye leaves the whole world blind’ really fits perfectly for these two crypto titans; one prone to attacking while sitting on the throne, the other prone to public tell-all tours that did not really tell much.
After the ‘spar’, CZ concluded his tirade with four more tweets, mostly returning to bashing up O’Leary, metaphorically.
As for SBF, he is scheduled to testify tomorrow as a witness before the U.S. House of Representatives Committee on Financial Services. Prior to him testifying, the new CEO of FTX, John J. Ray III, will speak to the House during its first panel.
The FTX and Binance saga might have unfolded in a little over a week but the after effects are very long drawn. In addition, Twitter seems like the go-to platform to ignite a war so keep an eye out for the next life-changing event.