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the day before the embattled cryptocurrency exchange 50x filed for bankruptcy Champion the chief executive of the Rival exchange binance sent an alarm text to Sam bankman fried FDX founder Xiao was concerned that bankman Freud was orchestrating crypto trees that could send the industry into a meltdown start now donamp;#39;t cause more damage Xiao wrote in a group chat with bankman fried and other crypto Executives on November 10. the more damage you do now the more jail time in the November 10 texts gel specifically accused Batman fright of using his hedge fund to drive down the price of tether a so-called stablecoin whose price is designed to remain at one dollar tether which is issued by a company with the same name is a linchpin of crypto trading World widen is commonly used by digital asset enthusiasts to conduct transactions industry insiders have long feared that if tetheramp;#39;s price fail it would cause a domino effect that might bring the industry to its knees tether ultim
