New claims continue to come from the FTX crisis, which has an earthquake effect in the crypto money market. According to new allegations made to the public, FTX CEO Sam Bankman Fried allegedly made bad plans to save the stock market.
One of the news that was reflected to the public after the FTX crisis was the claims that Sam Bankman Fried would harm the crypto money market in order to protect FTX. According to The Wall Street Journal, there was a disagreement between CZ and SBF regarding USDT in a Signal group called “Exchange coordination”. This group included Kraken Co-Founder Jesse Powell and Tether’s CTO Paolo Ardoino. People in this group were considering the possibility of Sam Bankman Fried harming the crypto money market in order to protect FTX. Even Tether Executives and Binance CEO Changpeng Zhao were quite worried that Sam Bankman Fried would do anything to save his stock market.
According to the news of The Wall Street Journal, Binance CEO CZ expressed his concern about a depeg on the USDT front:
“Stop trying to depeg stablecoins. Don’t try to do anything more and do no harm.”
Upon the news reflected to the public, former FTX CEO Sam Bankman Fried denied the news and stated that this was not the case. As you may recall, MicroStrategy’s Founder, Michael Saylor, recently made accusations against SBF. Saylor accused SBF of committing securities fraud through the FTT, while also claiming that it was using depositors’ money as collateral for gambling.