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SBF Tried to Destabilize Crypto Market to Save FTX: Report by Cointelegraph




Binance CEO and CEO Changpeng “CZ” Zhao expressed concern that former FTX CEO Sam Bankman-Fried (SBF) was trying to destabilize the crypto market with the aim of saving the now bankrupt exchange, depending to reports on Dec. 9.

Messages seen by The Wall Street Journal in a group chat called “Coordinating Exchange” reveal an argument between CZ and the SBF on November 10 over the USDT stablecoin.