It’s been almost two months since crypto exchange FTX filed for Chapter 11 bankruptcy, but the dark details of what happened during the crisis continue to pop up even today. As per the latest Forbes report, the USDT stablecoin issuer Tether received a call from disgraced FTX founder Sam Bankman-Fried just ahead of filing for bankruptcy.
As we know, SBF was trying to get in touch with every possible contact to stop the FTX ship from sinking. After initial support, even Binance pulled out of the deal in less than 24 hours. Seeing his empire collapse in front of his eyes, SBF reached out to Tether for financial help, said Tether CTO Paolo Ardoino. Although SBF didn’t explicitly mention how much he needed, the USDT-issuer “categorically refused”.
Ardoino said that something was obviously wrong with the request and it was an easy decision for them to say no. In a word with Forbes, the Tether CTO added:
“He suddenly asked for something that he had never asked for before, and he was
We współpracy z: https://coingape.com/why-tether-refused-to-help-ftx-during-crisis/
