According to the New York Times, prosecutors have opened an investigation into FTX CEO Sam Bankman-Fried for market manipulation for LUNAUST and LUNA. The investigation focused on whether Bankman Fried affected cryptocurrency prices due to benefit FTX and Alameda Research.
TERRA ecosystem Bankman Fried's request for the cryptocurrency exchange FTX and more than 100 related institutions for chapter 11 bankruptcy protection almost 6 months ago It collapsed in May.
The New York Times reports that the investigation into Bankman Fried's Terra USD Luna buying and selling activity is still new. It is not clear whether prosecutors have identified any misconduct for SBF or when appointed investigators began investigating the company's Terra USD and LUNA trading.
U.S. law calls for Bankman Fried to testify about how his companies went bankrupt. In line with this request, Bankman Fried was scheduled to be called to testify on December 14.