Binance Chief Strategy Officer Patrick Hillman has accused Samuel Bankman-Fried, the founder of FTX exchange, of spreading false or racist rumors about Binance CEO Changpeng Zhao before FTX's collapse. Hillman's comments were made in response to a Puck magazine article in which an account of FTX's demise was published from the perspective of Anthony Scaramucci of Skybridge Capital. The article revealed that during meetings with officials in Dubai, Bankman-Fried had bad-mouthed CZ, his rival crypto mogul. The rivalry between Bankman-Fried and CZ is well-known, and at one point, Binance offered to rescue FTX in a $1 billion buyout. However, Binance backed out, and FTX filed for bankruptcy hours later. Hillman denied that the animosity between Bankman-Fried and CZ caused Binance to back out of the rescue deal or sell its holdings of FTT.
(By Jim Edwards)
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