Crypto exchange owner admits to MANIPULATING price of so-called "sound money" bitcoin

In a recent interview with NPR, Bankman-Fried, 30, said he has a responsibility to consider stepping in, “even if it is at a loss to ourselves,” to stem contagions and help the industry thrive.

1) Today we’re injecting $250m into BlockFi and partnering with them so they can navigate the market from a position of strength.

— SBF (@SBF_FTX)
June 21, 2022
“This past weekend was critical in terms of finding white knights who could help develop a bid to stabilize this market,” Jeff Dorman, chief investment officer at asset-management firm Arca, wrote in a note Tuesday. “It doesn’t take a lot of capital right now to support prices and failing lenders, and there are a lot of players incentivized to ensure this industry doesn’t fail.”

Major crypto players have a history of bailing out key troubled firms. Last year, FTX provided $120 million debt financing for Liquid Group Inc. after hackers stole from the Japanese crypto exchange. FTX later acquired Liquid.


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Muh crypto is "people's money". "totally not manipulated" lol, even though a few hundred wallets control 95% of all crypto.


This asshole admits their is ZERO liquidity in the crypto market, and it only takes a few million to prop the so called trillion dollar market.

Is there anything in crypto that's not a complete scam?