"Stop it now, don't cause any more trouble!" Zhao continued his warning. He was specifically referring to the trades that FTX was still running with its hedge fund offshoot Alameda and which further increased the billions in losses. Zhao also accused the ex-FTX boss of wanting to destabilize the well-known stablecoin Tether through the Alameda trades. Bankman-Fried replied, "Huh? Do you think I'm going to hurt stablecoins? Do you really think $250,000 would be enough to jeopardize Tether's peg to the dollar?" In turn, Zhao countered that this sum might be enough to cause problems, although not a crash. "My honest advice to you: grab a suit, go back to Washington DC and start answering the many questions," Zhao suggested smugly. However, Bankman-Fried was not able to jeopardize the stability of the tether. Zhao and Bankman-Fried: Friends became closest rivals From the news flow, it is clear that the relationship between the two crypto prominences has been far from harmonious. And this despite the fact that Zhao and Bankman-Fried initially maintained a friendly relationship with each other. Binance invested in the then still young crypto exchange FTX in 2019. Together, Zhao and Bankman-Fried were considered rising crypto stars who wielded considerable influence on the scene. However, their relationship deteriorated rapidly and the verbal attacks increased.
#post2earn @artbot