Former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried (SBF), has been rumored to be responsible for the wave of negative news that has overwhelmed crypto exchange Binance of late.

Binance FUD And SBF’s Involvement

The largest crypto exchange by market cap, Binance, has made the news a lot recently, and much of it has been negative as there are growing concerns that it may lead to Binance users seeking alternatives, further chopping off the firm’s market share. 

Recent revelations have shown that the disgraced FTX founder and ex-CEO SBF may be responsible for the fear, uncertainty, and doubts (FUD) surrounding Binance these past few days. Specifically, a crypto enthusiast pointed out in a tweet that the firm responsible for playing a huge role in propagating the FUD around the exchange is a media firm with ties to SBF.

JUST IN: ALL THE #BINANCE FUD STORIES IN THE LAST 24HRS ARE COMING FROM ‘SEMAFOR’ A MEDIA START UP THAT SAM BANKMAN FRIED INVESTED IN

IF SBF SPREADING BINANCE FUD??#CRYPTO #BITCOIN pic.twitter.com/CimC7UlCgH

— Crypto Macro (@cryptomacro14) August 3, 2023

The highlight of this FUD was when Semafor published a report that the US Department of Justice (D

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Author: Scott Matherson

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