Binance CEO Claims FTX Paid $43 Million to Fund FUD Campaign

The crypto world is buzzing with accusations as Binance CEO Changpeng Zhao, popularly known as “CZ,” disclosed serious allegations against FTX. In a recent Twitter Space, Zhao alleged that FTX paid $43 million to fund a FUD (Fear, Uncertainty, and Doubt) campaign against the exchange. FUD, which stands for...

Details of the Allegations: FTX Funding Negative News?

Binance CEO Changpeng (CZ) Zhao alleged during a Twitter space talk that FTX paid $43 million to a crypto news outlet that regularly publishes negative articles on Binance. Crypto Slate reported that The Binance CEO held an AMA session in a Twitter space, highlighting that the FUD surrounding his crypto network was recently funded by FTX.

CZ's Claims and Short-Position Traders

And while commenting on the claims of the FTX funded FUD campaign, Changpeng Zhao, the CEO of Binance, recently claimed on Twitter that FTX had paid $43 million to support a FUD campaign against the exchange. Zhao alleged that FTX paid a crypto news outlet. Zhao also disclosed that short-position traders use this trick to gain more profitable trades.

The Impact of the Alleged FUD Campaign

The allegations by Binance CEO Changpeng Zhao recently spoke on a Twitter Space, alleging FTX paid $43 million to fund a FUD campaign against the exchange, have sent shockwaves through the crypto community. The claims, if proven true, could have significant repercussions for both exchanges. We will continue to update this story as more information becomes available.