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CZ Says SBF Responsible For Tether Destabilzation

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New York Times reported that Binance CEO had sent an alarming message to SBF a few days before FTX filed for bankruptcy.

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Changpeng Zhao directly accused SBF, in a trade on Alameda, of destabilizing Tether.

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Binance CEO said, "Stop now. Don't do any more damage," in a group chat on November 10 with other crypto executives and former FTX CEOs.

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CZ pointed out a $250,000 trade made by Almeida, which he claimed was intended to destabilize Tether. 

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SBF responded, "What are you doing to stablecoins?"

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SBF asked CZ: "Are they claiming that $250k USDT trading would bring it down?"

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Zhao said that although he believes that such a small trade would fail in destroying Tether, it could still pose problems.

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"My honest advice is to stop doing everything," said Binance CEO. Put on a suit and return to DC. Then, start answering questions.

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