The post Was Sam Bankman-Fried To Blame For Terra’s Unfortunate Crash In May? appeared first on Coinpedia Fintech News
According to recent reports, federal prosecutors are investigating whether Sam Bankman-Fried, the founder of FTX, manipulated the market for two cryptocurrencies this past spring, causing their demise and setting off a chain reaction that ultimately led to the collapse of his own cryptocurrency exchange last month.
It is unclear at this time what the outcome of the investigation will be, and what impact it may have on the cryptocurrency industry as a whole. It is also unclear what Bankman-Fried’s stance is on the matter. Moreover, was there a link between FTX and Terra’s crash?
Was Bankman-Fried involved with the Terra/Luna Crash?
The likelihood that Bankman-Fried manipulated the prices of two interconnected currencies, TerraUSD and Luna, to benefit the firms he controlled, such as FTX and Alameda Research, a hedge fund he co-founded and owned, is being looked
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