One of the unnamed media outlets received $43 million from FTX to publish a negative note about Binance. This was disclosed during a Twitter AMA session by the CEO of the affected exchange, Changpeng Zhao, according to CryptoSlate.
The executive noted that he is not troubled by ‘short-sellers’ who seek to generate negative news to improve trading performance, and cryptosceptics like Peter Schiff, who ‘do not understand the industry’.
But in the news flow he separately highlighted, according to him, FTX-funded FUD coverage of the Binance situation. FUD-coverage of the Binance situation.
He admitted that he does not expect such campaigns to stop, but expressed confidence that in the future this will not cause much concern. Zhao praised people’s ability to come to their own conclusions, not reacting to clickbait.
The head of Binance also estimated a 75% share of artificial intelligence involvement in customer-support responses, and in areas such as risk management, transaction monitoring, fraud detection and market manipulation.
Zhao forecast further adoption of the technology in data analysis and detection of critical changes in risk as it improves.
Earlier Binance named one of the leading counterparties in the Bitzlato platform case, which US authorities accuse of laundering $700 million.
Previously Forbes reported a significant outflow of client funds from the exchange.
Back in December, Zhao said there was sufficient liquidity to satisfy withdrawal requests for all client assets of Binance.
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