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"Stop now, don't cause more damage," Zhao said in a group chat as he feared the FTX founder's moves would crack crypto, the New York Times reported.
Paolo Ardonio, CTO of Tether, calls for fair regulation of stablecoins following Luna's crash, and reveals why he's optimistic about Tether's future.
Tether investors pulled $10 billion worth of the stablecoin in exchange for US dollars after the token broke its 1-to-1 peg in a crypto bloodbath.
Tether — which is supposed to be worth $1 — suffered its biggest drop in over a year as it dropped as low as $0.945.