CZ: SBF Once Poached Employees with 5x Salaries, Clients Taken to FTX Ended Up in Its Collapse

Odaily News: In his personal autobiography "The Binance Life," CZ mentioned that SBF once poached his junior VIP account manager with a 5x compensation package. She possessed the data of all Binance's VIP clients, and among those clients taken to FTX was Three Arrows Capital, which later collapsed along with FTX.

CZ had asked SBF to stop poaching employees. SBF verbally agreed but then continued to use three to five times the salary to poach those employees who prioritized money more. CZ stated that, looking back now, this actually helped filter the team.