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CZ says SBF asked for billions 'like a Bologna sandwich' as FTX collapsed

Apr 08, 2026 00:00 UTC

CZ says SBF asked for billions 'like a Bologna sandwich' as FTX collapsed.

  • Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for "a couple of billion dollars nonchalantly, as if he were asking for a bologna sandwich" during the phone call that preceded Binance'sattempt to acquire FTX in November 2022, and that he never had any intention of going through with it
  • "I didn't have any interest in owning FTX
  • I also wasn't that interested in helping SBF," Zhao writes in his memoirFreedom of Money, released Tuesday

Binance founder Changpeng Zhao (CZ) says Sam Bankman-Fried asked him for "a couple of billion dollars nonchalantly, as if he were asking for a bologna sandwich" during the phone call that preceded Binance'sattempt to acquire FTX in November 2022, and that he never had any intention of going through with it. "I didn't have any interest in owning FTX. I also wasn't that interested in helping SBF," Zhao writes in his memoirFreedom of Money, released Tuesday. "But we may have to step in to protect the users and the industry." He signed the non-binding Letter of Intent, he says, purely as a formali

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