{"id":282161,"date":"2022-12-15T21:00:52","date_gmt":"2022-12-15T21:00:52","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=282161"},"modified":"2023-08-20T08:54:30","modified_gmt":"2023-08-20T07:54:30","slug":"cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance\/","title":{"rendered":"CZ calls Kevin O&#8217;Leary &#8216;a liar&#8217; regarding accusations against Binance"},"content":{"rendered":"<p>Binance CEO and co-founder Changpeng Zhao called Canadian investor and businessman Kevin O'Leary &#8220;a liar&#8221; on the CNBC pre-market news program Squawk Box.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&quot;How concerned are you that the money given to you by <a href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> will be clawed back? Are you prepared to hand it back to creditors if they were to ask?&quot; <a href=\"https:\/\/twitter.com\/andrewrsorkin?ref_src=twsrc%5Etfw\">@andrewrsorkin<\/a> asks <a href=\"https:\/\/twitter.com\/cz_binance?ref_src=twsrc%5Etfw\">@cz_binance<\/a>: <a href=\"https:\/\/t.co\/nffAzVinHe\">pic.twitter.com\/nffAzVinHe<\/a><\/p>\n<p>&mdash; Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1603419542801321987?ref_src=twsrc%5Etfw\">December 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">While testifying at a senate hearing on Dec. 14 regarding the FTX scandal, O'Leary <a href=\"https:\/\/cryptoslate.com\/kevin-oleary-says-binance-put-ftx-out-of-business\/\">accused<\/a> Binance of putting FTX out of business to become the global monopoly. O'Leary noted that some of the FTX money went to Binance when Sam Bankman-Fried bought out FTX shares from Binance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In response to O'Leary's accusations, the Binance CEO said he was surprised that O'Leary made these remarks. <\/span><\/p>\n<blockquote><p>&#8220;Kevin O'Leary is making a bunch of nonsense claims. They don't make sense, they don't make any logic.&#8221;<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Although Kevin O'Leary's entire FTX funds are seemingly gone, Zhao said he was not concerned about his or other FTX users' funds. Furthermore, the Binance CEO doesn't believe O'Leary invested in FTX without knowing Binance was also a shareholder.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">CZ dismissed concerns about $2.1 billion worth of funds from FTX<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the interview, Zhao was <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1603419168648355840\">asked<\/a> if Binance was prepared to return the $2.1 billion payment it received from FTX when it exited its 2019 Series A investment to bankruptcy trustees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the U.S. bankruptcy code, any beneficiary in a two-year lookback window may be reclaimed by the trustee if bankruptcy proceedings establish that the payment was fraudulent or that the individual should have had reasonable knowledge that the payment was fraudulent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Zhao noted that Binance is &#8220;financially ok&#8221; but that he would leave it up to the &#8220;perfectly capable&#8221; lawyers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Binance CEO revealed that the repayment was a combination of BUSD, BNB, and FTT. He added that the FTT portion of the repayment was significant, but Binance had &#8220;forgotten&#8221; about it.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance CEO and co-founder Changpeng Zhao called Canadian investor and businessman Kevin O&#8217;Leary &#8220;a liar&#8221; on the CNBC pre-market news program Squawk Box. While testifying at a senate hearing on Dec. 14 regarding the FTX scandal, O&#8217;Leary accused Binance of putting FTX out of business to become the global monopoly. O&#8217;Leary noted that some of [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":351451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,39,60793],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CZ calls Kevin O&#039;Leary &#039;a liar&#039; regarding accusations against Binance<\/title>\n<meta name=\"description\" content=\"Kevin O&#039;Leary is making nonsense claims, according to the Binance CEO as he speaks to CNBC\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CZ calls Kevin O&#039;Leary &#039;a liar&#039; regarding accusations against Binance\" \/>\n<meta property=\"og:description\" content=\"Kevin O&#039;Leary is making nonsense claims, according to the Binance CEO as he speaks to CNBC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-15T21:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-20T07:54:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/08\/changpeng-zhao-cz.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/cz-calls-kevin-oleary-a-liar-regarding-accusations-against-binance\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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