Changpeng Zhao’s Tweet –‘The Straw That Broke The Camel’s Back’

• Changpeng Zhao denies netizens’ conspiracy theories that he orchestrated FTT’s price fall.
• CZ claims that he didn’t expect his tweet to have adverse effects to FTT’s price.
• Additionally, Michaël van de Poppe tweets that “FTT is tanking heavily.”

Changpeng Zhao denounced allegations that Binance had intentionally manipulated FTT’s price drop via his tweets. CZ claims that his FTT liquidation tweet was merely to maintain transparency with Binance’s large transactions, and not an effort of market manipulation.

CZ expressed his surprise around the ongoing discussions that Binance manipulated the market purposefully. He claimed that his tweet of liquidating FTT on November 6 was only to maintain transparency with Binance’s large FTT transactions. CZ admitted that he didn’t expect for it to be “the straw that broke the camel’s back.”