12-09-2022, 06:18 PM
Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zgprlo/inside_the_frantic_texts_exchanged_by_crypto/"> <img src="https://external-preview.redd.it/ElHoqBJNjzrqrCie1WrwO_4z2ChvZ2Cj576dDLWtzSA.jpg?width=640&crop=smart&auto=webp&s=6cd1fcaf50117fd7963f5aa0dbf3642737eea806" alt="Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed" title="Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><em>A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.</em></p> <p>In the Nov. 10 texts, Mr. Zhao specifically accused Mr. Bankman-Fried of using his hedge fund to drive down the price of Tether, a so-called stablecoin whose price is designed to remain at $1.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/immaloveyoulongtime"> /u/immaloveyoulongtime </a> <br/> <span><a href="https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zgprlo/inside_the_frantic_texts_exchanged_by_crypto/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zgprlo/inside_the_frantic_texts_exchanged_by_crypto/"> <img src="https://external-preview.redd.it/ElHoqBJNjzrqrCie1WrwO_4z2ChvZ2Cj576dDLWtzSA.jpg?width=640&crop=smart&auto=webp&s=6cd1fcaf50117fd7963f5aa0dbf3642737eea806" alt="Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed" title="Inside the Frantic Texts Exchanged by Crypto Executives as FTX Collapsed" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p><em>A group chat including crypto leaders shows Binance’s Changpeng Zhao accusing FTX’s Sam Bankman-Fried of orchestrating trades to destabilize the industry.</em></p> <p>In the Nov. 10 texts, Mr. Zhao specifically accused Mr. Bankman-Fried of using his hedge fund to drive down the price of Tether, a so-called stablecoin whose price is designed to remain at $1.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/immaloveyoulongtime"> /u/immaloveyoulongtime </a> <br/> <span><a href="https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zgprlo/inside_the_frantic_texts_exchanged_by_crypto/">[comments]</a></span> </td></tr></table>