The New York Times with the report (gated):
- Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused the implosion of his own cryptocurrency exchange last month, according to two people with knowledge of the matter.
- manipulating the prices of TerraUSD and Luna, to benefit the entities he controlled, including FTX and Alameda Research, a hedge fund he co-founded and owned, the people said.
- The investigation is in its early stages, and it is not clear whether prosecutors have determined any wrongdoing by Mr. Bankman-Fried
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SBF has denied wrongdoing in the collapse, he'll likely to the same on this I imagine.
![hamburglar](https://images.forexlive.com/images/hamburglar_id_917eeeee-7bb7-4073-85be-5c4e9b38d8a2_original.jpeg)
The resemblance is uncanny.