Was “FatMan”, a Twitter Influencer, Secretly Connected To SBF To Attack This Crypto?
According to a Wednesday report, US federal prosecutors are investigating Sam Bankman-Fried, founder of FTX, for manipulating two cryptocurrencies earlier in the year. They are investigating whether or not SBF manipulated TerraUSD and Luna prices to benefit FTX, Alameda Research, and its associate trading company.
Was Terra FUD Planned?
There’s another aspect to this whole drama. SBF’s Alameda may have hired a Twitter influencer to spread lies about Terra (LUNA), its founder Do Kwon, and the Terra (LUNA).
RT: THE FACTS
o SBF/Alameda retrieved $UST. Federal prosecutors are now taking action against them for market manipulation. o FatMan was hired to spread disinformation about DK + $LUNA.
Guess how many people will buy $LUNA if everyone discovers the truth? pic.twitter.com/K4H7vDJKEx
— ?? ???? ??? ?? (@LUNCDAO December 10, 2022)
The Twitter handle @fatmanterra shows that the profile has been vocal against the crypto project and its eventual demise. Do Kwon and Terraform Labs are blamed. However, the profile remains anonymous.
Read more: Terra Do Kwon reacts to Court rejecting arrest warrants
The pseudonymous FatMan first came to prominence when he claimed that he had “proofs of Do Kwon’s malpractice in the infamous UST Depeg.”
FatMan vs Do Kwon
Many claim that his proofs were debunked by community members. However, the profile continues to hold his views and has repeatedly spoken out against Terra founder.
? This account has been used by me to document Terra fraud. However, there is a lot of information and it can be difficult to understand. Here’s a summary thread (linking back to previous tweets) that highlights the key milestones in Do Kwon’s destructive fraud path – proving malice and greed, as well as crime.
— FatMan (@FatManTerra September 15, 2022
Self-described “cryptocurrency & Finance researcher”, SBF has denied any involvement in the UST disaster of May 2022.
Instead, he targets Terraform Labs for dumping $450 million UST into the market — thereby leading to the cryptocurrency’s eventual death.
? New blockchain data reveals the root causes of the May UST Depeg. One entity sold more than $450m worth of UST to the open market in the three weeks preceding the depeg. UST began to collapse four days after their last sale.
Who is this entity? Terraform Labs is the only one. More details here. pic.twitter.com/aFfzgpBZ5A
— FatMan (@FatManTerra), December 6, 2022
Do Kwon Opens Up
Terra founder Terra believes that Genesis Trading provided approximately $1 billion in UST for Bankman-Fried’s Alameda Research prior to the stablecoin’s decline in order to execute the infamous trade.
He went on to say:
Alameda started the large currency contraction that UST experienced in February 2021. Alameda will reveal what’s hidden.
Read more: Do Kwon explains how SBF and Genesis led to the Terra-LUNA Crisis
Bankman-Fried stated Wednesday that he wasn’t aware of any market manipulation and had never planned to engage.
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.