SBF Tried To Destabilize Crypto Market To Save FTX

On November 11, FTX Group and roughly 130 companies, comprising FTX Trading, FTX US, and Alameda Research, declared bankruptcy in the United States, citing a liquidity crunch. This occurred after SBF tried to destabilize the crypto market to save FTX, per reports.

According to sources on December 9, Tether executives and Binance CEO Changpeng "CZ" Zhao were concerned that Sam Bankman-Fried (SBF), ex FTX CEO, was seeking to destabilize the crypto market in order to salvage the now-bankrup...

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