SBF Faces Investigation For Market Manipulation

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As per NYT Report, prosecutors are investigating whether Sam Bankman-Fried played a part in the Terra/Luna collapse.

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Prosecutors are looking into if SBF controlled Terra/LUNA price to benefit companies he controls including FTX and Alameda Research.

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It is still not clear when prosecutors discovered SBF’s wrongdoing or when they began investigating TerraUSD and Luna trading.

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Do Kwon, co-founder and CEO of Terraform Labs has also retweeted NYT Report.

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Bahamas and US regulators are investigating the role of FTX management, including SBF, in the company's shocking collapse.

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On-chain data shows that there was an FTT inflow of $4 billion from Alameda to FTX around the time Terra lost its bonds and wiped out $40 billion.

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FTX in its bankruptcy filing mentioned that the exchange faced a severe liquidity crisis that necessitated the filing of these cases on an emergency basis.

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