Sam Bankman-Fried, the former CEO of the bankrupt FTX exchange is reportedly under federal prosecutors’ investigation for alleged market manipulation that led to the Terra collapse in May, New York Times reports.
Is SBF Also Involved in Terra-Luna Ecosystem Collapse?
New York Times on December 7 reported that the former CEO of insolvent FTX, Sam Bankman-Fried is likely to face a market manipulation inquiry that led to the collapse of the Terra-Luna ecosystem earlier this year.
According to sources, Bankman-Fried is likely to have manipulated the market for the gain of the companies he controlled namely FTX exchange and its trading arm, Alameda research.
The report added that the investigation is still in its early stage, and thus far, Manhattan prosecutors are yet to prove whether or not the former FTX CEO is guilty of the allegation.
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Do Kwon Blows Hot
Following the report by New York Times, the controversial Terra CEO took to Twitter to call out some firms who were allegedly said to have provided funds to FTX and Alameda research prior to the collapse of TerraUSD and Luna tokens in May.
“I think the time has come for Genesis Trading to reveal if they provided the $1B UST shortly before the crash to SBF or Alameda – the purchase from LFG was represented as stemming from “interest to participate in the Terra Defi ecosystem” – not to provide ammo for a peg attack.”
Do Kwon also questioned why Alameda borrowed 9 figures in Bitcoin from Voyager Digital..
“Another question: Alameda borrowed 9 figures in bitcoin from Voyager (public bankruptcy filings) on depeg dates, and asked other large firms to borrow more (10 figs) – what this was used for needs to become public knowledge (Short btc to handicap lfg reserves?)”
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