Binance CEO Warns Not to Crash Bitcoin! Here’s What Cz and SBF Spoken That Night

Binance CEO of CZ FTX and FTT The truth came out after they shared their posts and it was seen that customer funds in FTX were used illegally.

FTX, which could not meet the withdrawal demands of its customers, filed for bankruptcy, and the effect of this bankruptcy created a serious insecurity in cryptocurrencies.

While investors still haven’t gotten over the impact of the FTX crisis, new information about the process leading to FTX’s bankruptcy continues to emerge.

New York TimesBinance CEO Changpeng Zhao warned SBF, the former CEO of FTX, in a group chat with other cryptocurrency executives on November 10, the day before FTX announced its bankruptcy.

Saying that the collapse of FTX could also crash the rest of the crypto industry czstated that some of the transactions FTX made in those days could discredit the industry.

Cz to SBF “Now stop, don’t cause any more harm.” and “Now the more damage you do, the more jail time you get.” allegedly said.

In the speeches, it was seen that Cz also blamed SBF for his actions against Tether.

“Cz: Alameda is trading $250,000 to discredit Tether.

SBF: Huh? What do I do with hard coins? Will $250,000 USDT affect Tether trading?

Cz: $250,000 won’t lower Tether’s peg to $1, but it could cause problems. My honest advice is to stop doing anything. Put on a suit and head back to DC to start answering questions.”

Speaking to the New York Times about the incident, SBF said:

“Transactions of this size do not have a significant impact on Tether’s pricing, and to my knowledge neither I nor Alameda have ever deliberately attempted to disable Tether. I made a lot of mistakes last year, but this is not one of them.”