FTX probe has feds wondering if SBF brought down Terra
Sources say Sam Bankman-Fried (SBF) shorted Terraform Labs’ luna token and dumped too many sell orders on terraUSD right before it collapsed.
Cryptocurrency news by Protos · Protos
December 8, 20223m 31s
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Show Notes
US prosecutors in Manhattan are said to be probing Sam Bankman-Fried’s (SBF) involvement in the collapse of stablecoin terraUSD and its sister token, luna. According to sources close to the matter, SBF “steered the prices” to benefit his various crypto firms, including FTX and Alameda Research, the New York Times reports.
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