US federal prosecutors have reportedly launched an investigation into whether Sam Bankman-Fried price gouging TeraUSD USTC/USD And luna Luna/USD To benefit the entities that own them – cryptocurrency exchanges ftx And Alameda Research,
What happened: according to a report good By The New York Times, the investigation is in its early stages and is part of a wider investigation. The Fall of FTX and the possible misappropriation of billions of dollars of customer money that have reportedly gone missing.
Federal Prosecutor and the Securities and Exchange Commission Checking whether FTX violated any law by transferring his client’s money to Alameda. Last month, a rush on withdrawals exposed an $8 billion hole in the exchange’s finances, leading to the company going bust. Bankman-Fried resigned from her position as FTX CEO when the company filed for bankruptcy on 11 November.
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why it matters: It is also being investigated whether FTX broke US anti-money-laundering laws, which require money transfer businesses to identify their customers and notify authorized authorities of any suspicious behavior.
In a statement to the New York Times, Bankman-Fried said that he “was not aware of any market manipulation and certainly never intended to manipulate the market.”
“To the best of my knowledge, all the transactions were for investment or hedging purposes,” he said.
do quonThe founder of stablecoin Terra tweeted that “the time has come for Genesis Trading to reveal whether they provided $1 billion UST to SBF or Alameda shortly before the crash.”
Kwon said that Almeida had taken out loans “worth nine figures”. Bitcoin BTC/USD From Voyager – disclosed in public bankruptcy records – on stablecoin de-peg dates and solicited even more loans (ten figures) from other large corporations.
He insisted that the purpose of this loan should be made known to the public. He said, “What is done in the dark will come to the light.”
Representatives for the US Attorney’s Office for the Southern District of New York in Manhattan did not immediately respond to Benzinga’s comment.