In his new memoir, Changpeng Zhao (CZ) recounts that Sam Bankman-Fried (SBF) requested billions of dollars during the collapse of FTX, likening the request to asking for a "Bologna sandwich." CZ also reveals he signed the letter of intent (LOI) concerning FTX as a formality. Furthermore, CZ identifies Caroline Ellison's $22 floor price offer as a "fatal mistake," suggesting its significant impact on the events surrounding the exchange's downfall.

In his new memoir, Changpeng Zhao (CZ) recounts that Sam Bankman-Fried (SBF) requested billions of dollars during the collapse of FTX, likening the request to asking for a "Bologna sandwich." CZ also reveals he signed the letter of intent (LOI) concerning FTX as a formality. Furthermore, CZ identifies Caroline Ellison's $22 floor price offer as a "fatal mistake," suggesting its significant impact on the events surrounding the exchange's downfall.