Did SBF really use FTX traders' Bitcoin to keep BTC price under $20K?
Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000.
Bitcoin failed to hit $100,000 during the 2021 bull market because defunct exchange FTX kept selling BTC, analysis claims.
In an X post on Oct. 12, Joe Burnett, senior product marketing manager at Bitcoin financial services firm Unchained, joined voices arguing that FTX executives suppressed BTC price strength.
FTX testimony reveals mass BTC selling
As the trial of former FTX CEO Sam Bankman-Fried, known as SBF, continues, new testimony paints a picture of market manipulation.
This week, Caroline Ellison, former CEO of affiliated firm Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC should spot price breach $20,000. This was done using FTX customer funds, which neither had the right to deploy.
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Bitcoin sales by FTX come to light as part of the SBF trial, as one prediction suggests that they stopped the BTC price from hitting $100,000.
Bitcoin failed to hit $100,000 during the 2021 bull market because defunct exchange FTX kept selling BTC, analysis claims.
In an X post on Oct. 12, Joe Burnett, senior product marketing manager at Bitcoin financial services firm Unchained, joined voices arguing that FTX executives suppressed BTC price strength.
FTX testimony reveals mass BTC selling
As the trial of former FTX CEO Sam Bankman-Fried, known as SBF, continues, new testimony paints a picture of market manipulation.
This week, Caroline Ellison, former CEO of affiliated firm Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC should spot price breach $20,000. This was done using FTX customer funds, which neither had the right to deploy.
Read More:
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1 comments
anybody who could have, probably would have... shame he did it with my money