Disgraced Democrat megadonor Sam Bankman-Fried is in hot water, and not just for running his crypto exchange FTX into the ground or for admitting that he masqueraded as a "woke westerner."
Federal prosecutors have reportedly launched a criminal investigation into whether SBF manipulated prices of two cryptocurrencies in order to benefit his companies.
Fixing to win
The New York Times reported that U.S. prosecutors in Manhattan are looking into whether SBF manipulated and drove down the prices of two interlinked cryptocurrencies — TerraUSD and Luna — in order to benefit his companies FTX and Alameda Research.
SBF, called "one of the greatest fraudsters in history" by former rival and Binance CEO Changpeng Zhao, claimed in a statement that he was "not aware of any market manipulation and certainly never intended to engage in market manipulation."
The Democrat benefactor did not, however, expressly state that he had not engaged in market manipulation.
SBF said, "To the best of my knowledge, all transactions were for investment or for hedging."
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