Re:SBF Written Testimony Notes 12/12/2022
by zeven7 on Wednesday December 14, 2022 @03:20PM
(#33989825)
There's zero chance $250k can affect Tether's liquidity. If you were talking $250 million, I'd still highly doubt it, but then you'd be reaching well past what I can dispute. The idea that $250k can budge this market is laughable.
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Re:SBF Written Testimony Notes 12/12/2022
by mrguyorama on Wednesday December 14, 2022 @03:53PM
(#33990391)
The CEO of binance was upset about it enough to privately message his competitor. Who should we believe, his supposedly private actions, or you.
Re:SBF Written Testimony Notes 12/12/2022
by standardly on Wednesday December 14, 2022 @05:56PM
(#33991981)
Just for clarification, from the messages:
SBF: "Are you claiming that 250k of USDT would depeg it?"
CZ: "no, I don't think 100x that size will succeed. It just cause small issues here and there"
Not sure what small issues CZ is referring to, but he's the expert here
Re:SBF Written Testimony Notes 12/12/2022
by sgammon on Thursday December 15, 2022 @04:36AM
(#33997204)
The point isn't the size of the trade; the point is that smart money might follow Alameda, and so news that Alameda is "shorting" Tether might, on its own, be enough for CZ to ask that Sam stop.
What's not being pointed out here is that to CZ, and actually even to Sam, there really is no distinction here between Alameda and FTX. CZ is calling him on a position taken by Alameda, via their "Exchange chat," to coordinate between FTX and Binance.