12-11-2022, 09:41 AM
SBF was trying to depeg USDT and other stablecoins. What the FUCK.
<!-- SC_OFF --><div class="md"><p><a href="https://cointelegraph.com/news/sbf-tried-to-destabilize-crypto-market-to-save-ftx-report">CoinTelegraph</a> 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.</p> <p>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). </p> <p>And according to the <a href="https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html">New York Times,</a> 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.</p> <p>How does this keep getting worse?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Trixteri"> /u/Trixteri </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zi789e/sbf_was_trying_to_depeg_usdt_and_other/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zi789e/sbf_was_trying_to_depeg_usdt_and_other/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p><a href="https://cointelegraph.com/news/sbf-tried-to-destabilize-crypto-market-to-save-ftx-report">CoinTelegraph</a> 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.</p> <p>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). </p> <p>And according to the <a href="https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html">New York Times,</a> 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.</p> <p>How does this keep getting worse?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Trixteri"> /u/Trixteri </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zi789e/sbf_was_trying_to_depeg_usdt_and_other/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zi789e/sbf_was_trying_to_depeg_usdt_and_other/">[comments]</a></span>