SBF Admits FTX commingled user funds

In an interesting turn of events this week, the disgraced FTX Founder Sam Bankman-Fried Is said to be facing a Market Manipulation Inquiry. The investigation’s set to be carried out by US prosecutors who’ll try to figure out whether or not Sam manipulated the market for two crypto currencies back in May.

According to Reuters, they suspect that Sam ‘’controlled the prices of two interlinked currencies, Terra USD and Luna, to benefit the entities he controlled including FTX and Alameda research.