Changpeng Zhao said that Sam Bankman-Fried lied to absolutely everyone

In a conversation with Cointelegraph, the founder of Binance expressed his opinion about Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried, emphasizing that the former FTX chairman lied to everyone from employees to customers. Zhao, who last week was considering buying FTX (thus hoping to help Fried’s exchange cover the liquidity crisis), said: «I think Sam Bankman-Fried lied to his employees, shareholders, regulators, and users.»

🚨 Binance CEO on Twitter spaces: «I think SBF lied to his employees, shareholders, regulators and users»

— Cointelegraph (@Cointelegraph) November 14, 2022

Binance’s official statement on the termination of the FTX acquisition said: «Initially, we had hoped to be able to support FTX users and provide much-needed liquidity. However, the exchange’s problems are beyond our control and we are unable to help.» Things are getting worse for FTX and its customers every day, and the chances of getting a refund of lost funds are now slim. This became clear from FTX’s investment documents, which were accessed by the Financial Times — Sam Bankman-Fried's exchange had only $ 900 million in liquid assets against $ 9 billion in liabilities. Most of these liquid assets, included in FTX’s international balance sheet from Thursday, consisted of $ 470 million worth of Robinhood shares.

As for FTX’s founder, who wants to flee to Dubai, there is speculation that Sam Bankman-Fried risks repeating the fate of Terraform Labs CEO До Квон" href="https://noworries.media/biography/do-kvon/" data-bio-id="3665">Do Kwon. Fortune journalists found a lawyer who anonymously told them that the US Department of Justice’s prosecutors have grounds to arrest Sam Bankman-Fried. Even if, at first glance, the facts of law enforcement may seem irrefutable, the lawyer named two potential obstacles to any criminal proceedings against the FTX CEO. One of them is intent. The lawyer emphasized that any charges brought will directly depend on whether Sam Bankman-Fried was not just incompetent, but deliberately and intentionally deceived investors.