Technical Analysis

Federal prosecutors are investigating FTX’s Sam Bankman-Fried re manipulating 2 cryptos

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.

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