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Do Kwon Accuses FTX Founder of Manipulating Terra (LUNA) and UST Prices

Terra founder Do Kwon accused FTX’s Sam Bankman-Fried of shorting BTC to handicap the Luna Foundation Guard’s reserves, citing that Alameda has a record of borrowing lump sums in BTC on the de-peg dates of the algorithm-based stablecoin, formerly called UST.  

“Alameda borrowed 9 figures in bitcoin from Voyager (public bankruptcy filings) on depeg dates and asked other large firms to borrow more (10 figs) – what this was used for needs to become public knowledge. Short BTC to handicap LFG reserves?” he tweeted. 

As stated by the Terra founder, the fall of the former TerraUSD (UST) began in February 2021 when SBF’s hedge fund Alameda Research, sold 500 million UST in a few minutes to drain its Curve pools. 

Do Kwon FTX Sam Bankman-Fried LUNA
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