TechFlow news — Binance founder CZ has taken to Twitter again to clarify the history of investment ties between Binance and FTX. CZ stated that Binance exited its investment in FTX in July 2021, and continued conducting due diligence even after making the initial investment. "As an early investor in FTX, Binance grew increasingly dissatisfied with Alameda/SBF and initiated the exit process over a year and a half ago."
"When Binance decided to no longer remain an investor in FTX, Sam was so enraged that he sent a series of aggressive, lengthy messages to multiple Binance team members, including threats to 'do everything possible to make Binance pay.'"
CZ added: "Binance still retains records of these messages." He also noted that shortly afterward, SBF began 'investing' in influential friends—ranging from media figures and policymakers to celebrities—using his network to manipulate public opinion, including launching attacks against CZ and others in the industry. CZ emphasized that he has been a primary target of these attacks, both in media coverage and at next week's upcoming Senate hearing. "I am Canadian, and Binance is not a Chinese company," CZ reiterated.Original link
