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

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

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enFinanceShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCZ says SBF asked for billions 'like a Bologna sandwich' as FTX collapsedIn his new memoir, Changpeng Zhao reveals he signed the FTX letter of intent as a formality and calls Caroline Ellison's $22 floor price offer a "fatal mistake." By Oliver Knight|Edited by Stephen Alpher Apr 8, 2026, 12:00 a.m. Make preferred on Changpeng "CZ" Zhao (Nikhilesh De/Modified by CoinDesk)What to know: Zhao says he never seriously considered buying FTX, describing SBF's approach as "indirect and wishy-washy" and the LOI as a pure formality to assess whether users could be protected.He identifies Caroline Ellison's public offer to buy FTT at $22 as the moment FTX was doomed, arguing that it gave professional traders a floor price to short.A Signal group ca

Source: https://www.coindesk.com/business/2026/04/07/cz-says-sbf-asked-for-billions-like-a-bologna-sandwich-as-ftx-collapsed