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SBF Tried to Destabilize Crypto Markets to Save FTX: Cointelegraph Report



Binance CEO and CEO Changpeng “CZ” Zhao is worried that Sam Bankman-Fried (SBF), former FTX CEO, is trying to destabilize the crypto market in order to save the current exchange. went bankrupt, follow to report on December 9.

Messages seen by The Wall Street Journal in a Signal group chat titled “Coordinated Exchange” reveal a controversy between CZ and SBF on November 10 over Tether’s stablecoin USDT. Signal team members include Jesse Powell, co-founder of Kraken, Paolo Ardoino, chief technology officer of Tether, among others.