I read today that the Binance Blockchain Week will start soon, and I am intrigued by the list of speakers who attend this event despite all the FUD around CZ.

According to a new book by Michael Lewis, Binance CEO Changpeng Zhao (CZ) could indeed have triggered FTX collapse...

This book, called "Going Infinite" reveals that CZ initially rejected a $40 million request from former FTX CEO Sam Bankman-Fried (SBF) for a futures crypto exchange in March 2019.

After the denial from Binance, SBF created its own FTX futures exchange in 2019 but wasn't sure about its success...

In 2022, when the FTX liquidity crisis came to light, FTX reached out to Binance again for an acquisition, but CZ declined, claiming the platform was beyond redemption.

This latest revelation comes as SBF's trial kicks off in New York, where he faces multiple charges of fraud and money laundering in connection to the collapse of FTX.

Did CZ trigger the FTX collapse?

It's difficult to say definitively, but the new accusations against CZ certainly raise some eyebrows. If CZ had agreed to fund SBF's futures exchange in 2019, it's possible that FTX would have been in a stronger financial position today.

However, it's also important to note that FTX had other problems, such as its risky investment decisions and its lack of transparency. Ultimately, it was FTX's own mismanagement that led to its collapse.

What does this mean for Binance?

The new accusations against CZ could damage Binance's reputation, especially if they are found to be true. However, it's important to note that Binance is still the world's largest crypto exchange, and it has a strong track record.

It's also important to note that CZ has denied the accusations against him. He has said that he rejected SBF's funding request because he didn't believe in the project.

Only time will tell how the new accusations against CZ will impact Binance. However, it's clear that this is a story worth watching.