The New York Times with the report (gated):
Federal prosecutors are investigating whether FTX’s founder, Sam
Bankman-Fried, manipulated the market for two cryptocurrencies this
past spring, leading to their collapse and creating a domino effect
that eventually caused the implosion of his own cryptocurrency
exchange last month, according to two people with knowledge of the
- manipulating the prices of TerraUSD and Luna,
to benefit the entities he controlled, including FTX and Alameda
Research, a hedge fund he co-founded and owned, the people said.
- The investigation is
in its early stages, and it is not clear whether prosecutors have
determined any wrongdoing by Mr. Bankman-Fried
SBF has denied wrongdoing in the collapse, he’ll likely to the same on this I imagine.
The resemblance is uncanny.