The Binance executive clarified that SBF's degenerative remarks were not behind the CZ’s decision to liquidate Binance's FTT holdings.
in September, FTX had been in talks with several investors, seeking to conduct a billion-dollar raise to increase its valuation to $32 billion. Part of the funds to be raised was supposed to rescue other firms hit by the crypto winter.
During the trip, SBF met with some officials in Dubai, including the UAE Sovereign wealth fund, and Scaramucci was absent from most of those meetings as he had other businesses to attend to. However, a colleague eventually informed Scaramucci that SBF had been bad-mouthing CZ during those meetings.The Mooch disclosed that SBF’s behavior was worrisome, as politeness was deemed necessary in the corporate world due to the unpredictability of life.
“He was lighting CZ up. And these are small towns. They look glitzy from a travel brochure, but trust me, these are small, very connected, interconnected towns. It got back to CZ,” Scaramucci said.
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