Crypto’s public enemy number one, Sam Bankman-Fried (SBF), could be investigated for market manipulation.
Former FTX CEO Sam Bankman-Fried has become a target for federal prosecutors. They have launched an investigation into whether he manipulated markets for two crypto assets earlier this year.
The probe is investigating the collapse of the yeryüzü ecosystem and its UST stablecoin ve Luna (LUNA) token. Furthermore, prosecutors are attempting to Link SBF with the collapse to determine if he was partially responsible, according to a Dec. 7 NYT rapor.
According to sources familiar with the matter, the investigation is still in the early stages. They have yet to determine whether SBF had any role in it or any intentions of manipulating markets to benefit his own companies and tokens.
Source: https://beincrypto.com/sbf-faces-market-manipulation-inquiry-terra-collapse/