SBF was trying to depeg USDT and other stablecoins. What the FUCK.
1 min read
CoinTelegraph published an article about CZ confronting SBF in a Signal group chat. The messages occurred on November 10, which is the night FTX went to hell.
CZ reportedly told SBF to ‘stop trying to depeg stablecoins’. The stablecoin in question was Tether. CZ accused Alameda Research (FTX’s hedge fund) of trying to destablize USDT with a $250k trade (such a weak amount lol).
And according to the New York Times, SBF met with a high-level corporate Tether official in the Bahamas before he struck a deal with Binance. The objective of that conversation was to ask for billions in finding to save FTX.
How does this keep getting worse?
submitted by /u/Trixteri
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