USAfederal prosecutors, FTXformer CEO Sam Bankman-Fried ( SBF) terraHe was investigated for possible manipulations in the crisis.
The cryptocurrency market continues its long-term bear trend. Also during this bear period, there were many stories of bankruptcies and collapses. Especially terraand FTX Their crashes were the factors that led to the crash of the market. The pressures created by the global economy also affected the crypto sector, which is called a risky investment area. Dollar outflows and crypto sales began to weigh on the stock markets. In the middle of all these processes, USAprosecutors of terra brought up the issue. Prosecutors on Terra collapse FTXformer CEO SBFHe thinks that he may have manipulated.
Former FTX CEO Sam Bankman-Fried May Be the Architect of the Terra Crisis
New York Times‘according to, FTXformer CEO Sam Bankman-Fried ( SBF), terra may have manipulated ecosystem products. Prosecutors are conducting an investigation on these allegations.
SBFmade statements on the subject in the past. SBFstated that he was not aware of any market manipulation and did not intend to engage in market manipulation. SBFmanipulation investigation of FTXincluded in their investigation.
TerraUSD ( TOP) and Terra Luna ( LUNA ), crashed due to a glitch on the stablecoin side. As part of the investigation, SBFIt will be examined whether ‘s manipulation against these two tokens.
