Binance CEO CZ reveals he is ‘Not happy’ with Bankman-Fried’s rescuing act of Alameda Research to Voyager bailout, also commenting that they would not have completed the transaction if it had happened on their part.
“That was surprising even to me, to be honest. I try not to comment on our competitors or industry peers”.
He also states that it’s not worth investing in a company, rather keep my money than do that type of deal which involves myself investing in your company and then you loan me some money.
Changpeng Zhao commented earlier on bailouts and crypto leverages amid the current crypto winter situation.
This comes after Voyager Digital had filed for bankruptcy to which Alameda Research extended a $500 million line of credit. Ironically, both of these crypto companies are owned by Sam Bankman-Fried, the rival of Binance CEO.
Following the massive Crypto liquidity crunch made by Sam Bankman’s companies, CZ refused to comment on them and rather intended a straightforward approach for Binance.
