Maria Irene
In a tale stranger than fiction, Sam Bankman, known for his alleged role in one of the largest scams ever perpetrated in the crypto industry via the FTX exchange, is being accused of orchestrating an elaborate rug-pull of a token with a whopping $100 million market cap. The strangest part? He allegedly managed to execute this elaborate operation while under house arrest, tucked away in his parents’ basement.
In a terse tweet, tech entrepreneur and outspoken crypto enthusiast Elon Musk simply said, “Sigh,” perhaps signifying exasperation with the situation.
Following Musk’s post, a crypto enthusiast and investigator known on Twitter as @hype_eth dug into the case, attempting to establish the connection between Bankman, FTX, and the freshly-created token, referred to as Bald. Hype_eth has compiled a string of evidence suggesting a nefarious crypto plot involving FTX and Bankman.
According to @hype_eth, a myriad of clues points to Bankman’s involvement. These include the similar voting pattern on sushi proposals between FTX and Bald deployer, similar sentence structures in their posts, and aligned on-chain activity times that conveniently correspond with Bankman’s court dates and bail terms.
Further investigations link the Bald deployer with Binance via a UST depegger that allegedly played a role in collapsing $LUNA. Additionally, another Binance deposit address linked to a wallet that had significant interaction with Alameda Research and blacklisted USDT addresses, adding another layer of intrigue to the web of connections.
@hype_eth has also presented ties between the Bald deployer and the official project serum account, which recently changed its Twitter handle to @0xLukaeth and actively promoted $bald.
Altogether, this information forms a damning case against Sam Bankman, the man behind FTX, raising critical questions about the integrity of the crypto world and those who wield significant influence within it. This revelation serves as a stark reminder of the risks associated with the largely unregulated world of cryptocurrency and the need for robust investigative mechanisms to protect the interests of investors.
As the allegations and speculations continue to mount, the crypto community watches with bated breath, eager to see the ultimate fate of the ‘Bald’ token and the man accused of its downfall. Will this be the end of Bankman’s crypto legacy or just another chapter in his tumultuous journey? Only time will tell. Until then, stay tuned to our continuous coverage of “Rug-pull, FTX, and a Bald Twist: The Cryptic Chaos Unearthed in a Basement!”
