The FTX Crypto Scandal just got much weirder…
Earlier this week, the cryptocurrency exchange FTX was accused of manipulating the price of Bitcoin by buying and selling large amounts of the digital currency. The allegations were made by several prominent figures in the crypto industry, including the CEO of Binance, CZ.
Now, new evidence has emerged that suggests FTX may have been involved in a much more serious scheme. According to an anonymous source, FTX was allegedly involved in a scheme to manipulate the prices of other digital currencies, such as Ethereum and Litecoin.
The source claims that FTX was manipulating the prices of these currencies in order to profit off of the difference between the market prices and the prices they were trading at on their own exchange. The source also claims that FTX was using this scheme to artificially inflate the prices of certain digital currencies and then dump them on unsuspecting buyers.
The allegations have yet to be confirmed, but if true, it would be one of the most serious crypto scandals to date. If FTX is indeed guilty of market manipulation, it could have far-reaching consequences for the cryptocurrency industry.
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