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Tether Executive and Binance CEO Changpeng CZ Zhao Says Former FTX CEO Sam Bankman-Fried (SBF) Will Destabilize Crypto Markets to Save Now-Bankrupt Exchanges I am concerned that according to In the December 9th report.
A Signal Group chat message titled Exchange Adjustment seen by The Wall Street Journal reveals a discussion between CZ and SBF on Nov. 10 regarding the Tether stablecoin USDT. Members of the Signal group include Jesse Powell, co-founder of Kraken, and Paolo Ardoino, CTO of Tether.
According to the report, CZ and other members of the group were concerned that the deal by Alameda Research was focused on de-pegging the stablecoin. Binance CEO reportedly faced SBF
Stop trying to undo the stablecoin peg. And stop doing anything.
The SBF denied the allegations in a statement to the WSJ.
The Signal Group’s alleged argument took place the next day Binance has announced it will not bail out Troubled competitor FTX cites “reports of mishandling of customer funds and alleged investigations by US government agencies.” November 10th, Tether’s Arduino also said the company There are no plans to invest in or finance FTX/Alameda.
According to a Cointelegraph report,new details about the failed deal between Binance and FTX emerged on Dec. 9. In a Twitter thread, CZ Mention Binance said it was exiting its FTX position in July 2021 after becoming increasingly uncomfortable with Alameda/SBF. According to his Binance CEO, SBF was “upset” by the exchange’s withdrawal.
In response, SBF claimed that Binance “threatened to walk away at the last minute” and accused CZ of lying about his role in the deal.
On November 11th, FTX Group and about 130 companies (including FTX Trading, FTX US under West Realm Shires Services, and Alameda Research) participated. Filing for bankruptcy in the United States He calls it a liquidity crunch.
Since FTX’s bankruptcy, SBF has been named in seven class action lawsuits and numerous investigations and investigations. Market manipulation investigation by federal prosecutors.
