CZ's new book reveals the past of FTX: SBF has high emotional intelligence but has repeatedly poached and smeared Binance
Binance founder Zhao Changpeng (CZ) reveals his past with FTX founder SBF in his new book "Binance Life."
In the summer of 2019, just a month after FTX launched, SBF actively sought investment. At that time, Binance CFO Zhou Wei supported the investment, and CZ ultimately decided to invest after FTX's valuation was lowered and a proposal to exchange BNB for FTT was made. However, after the investment, SBF poached Binance's VIP client manager with a fivefold salary, taking all VIP client information, which led to clients receiving targeted offers from FTX.
CZ pointed out that SBF appeared to have high emotional intelligence and promoted "effective altruism," yet shortly after the investment, he was speaking ill of Binance all over Washington. In 2021, there were reports that FTX executives had close ties with politically connected Michelle Bond, promoting FTX while belittling Binance. Additionally, friends confirmed that SBF had publicly slandered Binance at closed-door gatherings. CZ had asked SBF to stop poaching, and while SBF verbally agreed, he continued to recruit with high salaries.
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