Twitter phenomenon FatManmay have been hired by Sam Bankman-Fried to disparage Terra and Do Kwon.
According to published reports, US prosecutors are investigating whether FTX founder Sam Bankman-Fried manipulated the two cryptocurrencies. Investigates whether SBF manipulated the price of TerraUSD and LUNA to benefit FTX and Alameda Research.
Was the TerraForm Labs Debacle Planned?
Allegedly, this manipulation may not have been spread only by asset sales and false rumors. The strongest claim on this subject is that SBF hired someone to trigger the Terra collapse.
RT: THE FACTS
• SBF/Alameda took down $USTfederal prosecutors now taking action against them for market manipulation.
• FatMan was hired by this group to cover their tracks by spreading disinfo about DK + $LUNA.Guess how many will buy $LUNA when everyone learns the truth? pic.twitter.com/K4H7vDJKEx
— 🔥⚛️ 🅻🆄🅽🅲 🅳🅰🅾 ⚛️🔥 (@LUNCDAO) December 10, 2022
Koinfinans.com As we reported on Twitter, the profile known as @fatmanterra has repeatedly spoken out against Terra, putting all the blame on Do Kwon and his team on Terraform Labs. Although it has been a long time, it is a mystery who FatMan is.
FatMan originally claimed that Do Kwon had evidence of the TerraUSD (UST) price depreciation.
Although many claimed that his evidence had been refuted by other community members, FatMan remained true to his views.
🧵 I’ve been using this account to document the Terra fraud, but there’s a lot of info and it can be hard to parse. Here’s a simple summary thread (linking to past tweets) outlining the key milestones in Do Kwon’s destructive path of fraud – proving malice, greed, and crime.
— FatMan (@FatManTerra) September 15, 2022
The self-proclaimed “cryptocurrency and finance researcher” anonymous profile even denied the SBF’s involvement in the May 2022 IHR fiasco. According to FatMan, tem is responsible TerraForm Labs‘ itself because it achieved ‘final death’ by launching the $450 million UST.
🧵 New blockchain data reveals the root cause of the May UST depeg. In the 3 weeks leading up to the depeg, one entity dumped over $450m of UST on the open market. 4 days after their last sale, UST started collapsing.
that entity? None other than Terraform Labs. Details inside. pic.twitter.com/aFfzgpBZ5A
— FatMan (@FatManTerra) December 6, 2022
Terra founder Do Kwon believes Genesis Trading provided approximately $1 billion UST to Bankman-Fried’s Alameda Research prior to the stablecoin’s demiurge to handle the notorious trade.
“GenesisTrading needs to disclose whether it provided the SBF with a $1 billion UST shortly before the collapse. The major currency contraction that the UST experienced in February 2021 was initiated by Alameda. What is done in the dark will come to light.”
In a statement to the Times on Wednesday, Bankman-Fried said he was not aware of any “market manipulation” and had absolutely no plans to engage in any market manipulation.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.