Following reports of the US Department of Justice potentially imposing fraud charges against crypto exchange Binance, the company’s chief executive officer CZ on Thursday flagged a shocking truth about Semafor, the publication that broke the news on Wednesday.
CZ retweeted a November 2022 tweet that highlighted Sam Bankman-Fried’s investment in Semafor. This was just around the time when the FTX collapse unfolded, taking the crypto market by storm with millions of dollars in losses for thousands of users.
On the other side, Binance, the world’s largest crypto exchange by trading volume, had recently recorded 150 million registered users across the world.