Is there a secret connection between FatMan and SBF? Did SBF’s Alameda Research hire Twitter influencer FatMan to spread lies about Do Kwon and his LUNA project?
According to a report on Wednesday, US federal prosecutors are investigating FTX founder Sam Bankman-Fried for defrauding two cryptocurrencies earlier this year. They have opened an investigation into whether or not SBF manipulated the price of TerraUSD and Luna for the benefit of FTX and its related trading firm, Alameda Research.
Is Terra intended for FUD? However, there is another side to all this drama. It is alleged that SBF’s Alameda may have hired a Twitter influencer who will eventually spread lies about the Terra Project (LUNA) and its founder Do Kwon. Going to the @fatmanterra Twitter account, the profile repeatedly spoke against the crypto project and its end, blaming Do Kwon and his team, Terraform Labs. However, the profile remains anonymous. The pseudonym “FatMan”, first came to light when he publicly claimed that he had “proof” of Do Kwon’s wrongdoing in the UST depeg.
FatMan vs. Do Kwon
Although many people claim that members of the community have discredited his evidence, the profile is still true to his opinion and speaks against the founder of Terra. The self-proclaimed “cryptocurrency and financial analyst” even denied claims that SBF played a role in the May 2022 UST debacle.
Instead, his latest tweet targets Terraform Labs for dumping its $450 million UST in the market – leading to cryptocurrency.
Do Kwon opened
The founder of Terra estimates that Genesis Trading contributed about $1 billion to UST and Bankman-Fried’s Alameda research prior to the stablecoin filing to complete the negative trade.
He went on to say:
I think it’s time for GenesisTrading to reveal if they gave UST $1 billion shortly before the crash in SBF. What is being done in the dark will be brought to light.
In a statement to the Times on Wednesday, Bankman-Fried said he was not aware of any “market manipulation” and certainly had no plans to engage in any market manipulation.