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Bitcoinist

2022-12-08 08:03:42

Federal Prosecutors Investigate FTX Founder Bankman-Fried Over UST/Luna Collapse

Federal Prosecutors Investigate FTX Founder Bankman-Fried Over UST/Luna Collapse

While the crypto market still hasn’t fully digested the insolvency of FTX, U.S. federal prosecutors are investigating whether FTX founder Sam Bankman-Fried played a role in the collapse of TerraUSD (UST) and Luna. The stablecoin UST lost its peg to $1 in May 2022, triggering the collapse of the Terra ecosystem. As a result, 80,000

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