Read in the Digest:
Sam Bankman-Fried faces market manipulation inquiry by U.S. prosecutors
Central Bank of Spain opens proposal for wholesale CBDC test project
Russian Central Bank to ban Bitcoin miners from selling BTC in the country
Coinbase CEO confirms 50% drop in 2022 trading revenue from last year
Judge dismisses EMAX investors lawsuit against Kardashian & Mayweather
Sam Bankman-Fried Faces Market Manipulation Inquiry by U.S. Prosecutors
Sam Bankman-Fried, the founder of the beleaguered FTX, is reportedly facing an investigation by U.S. Federal Prosecutors into market manipulations for TerraUSD and LUNA, which collapsed this May.
The prosecutors are investigating whether SBF manipulated the prices of the two interlinked cryptos to benefit the entities he controlled, including FTX and Alameda Research.
The investigation seeks to confirm if Bankman-Fried’s empire intentionally created a flood of “sell” orders on Terra’s algorithmic stablecoin TerraUSD
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