Binance boss says Sam Bankman-Fried's trading firm tried to undermine key token Tether — risking a crypto rout

Dec 9 2022 by Business Insider

 
Binance founder Changpeng Zhao has accused Sam Bankman-Fried of trying to destabilize the price of Tether, the New York Times reported.

Binance

Binance boss Changpeng Zhao accused Sam Bankman-Fried's Alameda Research of trying to drive down the price of Tether, according to the New York Times. Tether's price is supposed to be fixed at $1 but it has slipped below that several times in 2022. The stablecoin’s collapse would likely trigger a crypto crash, analysts have warned.

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