Messages in a Signal group chat reveal what happened one day before FTX filed for bankruptcy.
Messages seen by The Wall Street Journal of a Signal group chat named"Exchange coordination" reveals an argument between CZ and SBF on Nov. 10 about Tether's stablecoin USDT. Members in the Signal group include Kraken co-founder Jesse Powell, Paolo Ardoino, chief technology officer of Tether, among others.
According to the report, CZ and others in the group worried that trades made by Alameda Research were focusing on depeg the stablecoin, which would have a ripple effect in crypto prices. Binance CEO reportedly confronted SBF:SBF denied the claims in a statement to the WSJ.
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