Inside the frantic texts exchanged as Bankman-Fried and Zhao traded. Tether is a linchpin of the blockchain, a public ledger. The exchanges became increasingly tense.
The exchanges became increasingly tense as Bankman-Fried and Zhao traded barbs. During a crypto crash in May, two coins had plunged in value, triggering an industrywide meltdown and forcing several prominent firms into bankruptcy. The texts also show that industry leaders were acutely aware that the actions of a single firm or fluctuations in the value of one virtual currency could destabilize the whole industry. Check your Credit Score Now!
