Binance CEO Changpeng Zhao has alleged that cryptocurrency exchange FTX paid $43 million to a crypto news outlet that regularly publishes negative articles about Binance.
The claim was made during a Twitter space talk where CZ discussed various topics related to the crypto industry. He stated that traders with short positions often generate negative news to improve their trades but acknowledged that he pays attention to the negative press allegedly funded by FTX.
He said it wouldn’t bother Binance that much going forward. CZ also talked about the use of AI in Binance’s business and believes there will be further implementation of AI technology within the blockchain space, particularly in relation to analyzing data and detecting changes in risk.
FTX has not yet responded to CZ’s allegations, it remains to be seen whether these accusations will have any impact on the reputation or future of FTX.
