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CZ Alleges FTX Paid $43M to News Organization to Publish Binance FUD

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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,

CZ claimed that traders with short positions look to “generate negative news” to better their trades. Therefore, he is “fine” with crypto skeptics such as Peter Schiff criticizing the industry as “they don’t get it, they don’t understand it.”

However, he admitted to paying attention to the negative press allegedly funded by FTX. CZ said:

“I don’t think it’s going to stop, but I don’t think it’s going to bother us that much going forward.”

The Binance CEO praised the ability of people to “come to their own judgments,” stating that “people are pretty smart today… most people are no longer fooled by clickbait titles.”

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# Binance # FTX

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