Changpeng Zhao, popularly known as CZ in the crypto community, the co-founder of Binance and its former CEO who was forced to resign due to conflicts with US authorities, posted a tweet revealing some interesting details about a book he wrote. CZ accidentally shared them while commenting on the possible connection between FTX, 3AC and the depeg of the Terra UST stablecoin and the subsequent crash of UST and Luna in May 2022.
Related Thursday, 13.03.2025 - 15:07 Binance’s CZ denies talks with US government over Binance stake to pardon Yuri Molchan Hot Stories Binance’s CZ reveals surprising part of his upcoming crypto book XRP vs Ethereum (ETH): Ripple CTO dispels major selloff myth SHIB is burning 27,660% as 503,305,764 SHIB are gone forever Bitcoin ETFs return to massive outflows CZ comments on possible link between FTX and Terra collapse Zhao commented on a post published by X.
He posted a thread about the bankrupt crypto fund Three Arrows Capital (3AC) seeking $1.58 billion in compensation from defunct exchange FTX, claiming it liquidated its assets. The suit was filed through the court and approved by the judge. Advertisement “3AC claims it recently found evidence that FTX liquidated $1.53 billion of 3AC’s assets two weeks before 3AC began its own liquidations,” Changpeng Zhao responded to the tweet, saying that it was an “interesting turn of events” and that it was news to CZ.
He then wondered if there was a connection between the collapse of the LUNA token and the UST stablecoin launched by FTX and Terraform Labs. This event occurred in May 2022 and caused the price of Bitcoin to fall along with the rest of the cryptocurrency market. Related Fri, 03/07/2025 - 20:27 Binance's CZ Shares Details About His Book Alex Dovbanza details CZ's upcoming book on It When a commenter pointed out that "this whole G thing would make a great documentary series," CZ responded that he had been thinking about the crash and the possible connection to FTX and Sam Bankman-Fried when he was writing his book: "I was thinking about it when I was writing that part of the book."
However, CZ admitted that since he had not found any concrete evidence for this connection, he did not want to make any assumptions in the book: "I didn't want to make assumptions; there were rumors, but I never found any concrete evidence." As previously reported, CZ said he has written a 114,000-word book and even typed a draft of it on paper. He expects it will take him "three more tries" to rewrite it. #Changpeng Zhao #FTX #Terra News #Cryptocurrency Influencer Related Articles News March 14, 2025 - 10:37 am Shiba Inu sales have slowed, here are the key price levels to watch News Godfrey Benjamin News March 14, 2025 - 10:05 am XRP vs. Ethereum (ETH): Ripple CTO clears up major sales misconceptions News Gamza Khanzadev Shiba Inu sales have slowed, here are the key price levels to watch News Godfrey Any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions.
We believe all content is accurate as of the publication date, but some of the offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu bulls make modest comeback in digital currency after SHIB sold off for more than a week. All is not well yet though, as the price of one Shiba Inu has risen by 2.87% to $0.00000125 over the past 24 hours, according to data from CoinMarketCap. Shiba Inu’s key metrics indicate a bounce, but the token is deep in a death cross, which calls into question the latest trend formation.
Shiba Inu Death Cross Break The Shiba Inu ecosystem is not yet fully liberated as current trading volume has declined by 18.69% to $186,430,314.18 at the time of publication. While this indicator shows that sentiment is not as bullish as forecasted, the latest SHIB burn rate, which has increased by more than 27,600%, proves the mixed outlook. Related Thursday, 03/13/2025 - 14:58 Total 1,813,008 SHIB in 24 hours: Shiba Inu jumps bizarre 112% Tomywabold Olajide Despite the latest price surge, Shiba Inu remains in the death cross zone formed on February 20. With a large divergence between the 50-day and 200-day moving averages, the prospects of SHIB’s bullish trend resuming depend on sustained gains over time. SHIB price chart. Source: TradingView/CoinMarketCap With other altcoins trading at lower prices due to broader market volatility, Shiba Inu is now solely dependent on the strength of its own ecosystem. If community updates on SHIB’s utility increase, it could reset investor sentiment to take long positions on the token. in its rebound
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