Alameda manipulated long positions in the USDT/USD pair to steal customers' money

Alameda Research on the FTX platform held a long USDT/short USD margin position, thereby taking money from investors who were short USDT.
In addition, FTX owned http://shortether.com which redirected to USDT futures with a perpetual swap.
#Alameda #FTX

The court will hear the case of Sam Bankman-Fried on October 2🤨
Former FTX chief Sam Bankman-Freed pleaded not guilty to all charges. The judge set a trial date for October 2, 10 months later. Although Sam's main accomplice, the beautiful Caroline, the head of Alameda, has already confessed to everything and is ready to testify.
It seems that Sam was helped by his donations to American politicians and visits to the White House.
At least they could give him enough time for the public outcry to subside 🤔
#crypto #FTX #Alameda #SamBankman #cryptonews

TOP crypto news - evening selection ☀️

⚡️Genesis owes its customers $3 billion;

⚡️SBF blames CZ for Alameda collapse and declares FTX US solvent;

⚡️ Bill Gates: "The future is in artificial intelligence, not in Web3 or Metaverse";

⚡️Yuga Labs will launch a game with rewards in the form of NFTs

#crypto #cryptonews #FTX #CZ #SBF #cryptocurrency #cryptoexchange #alameda #yugalabs #genesis #metaverse #web3 #NFT

TOP crypto news - weekly selection ☀️

⚡️Bitcoin Surges To $21,000

⚡️Wyre Lifted The 90% Customer Withdrawal Limit After Receiving New Funding

⚡️FTX Suddenly Recovered Over $5 Billion Of Assets

⚡️Sam Bankman-Fried Insisted He Didn’t Steal Funds From FTX And Alameda

⚡️Avalanche Joins With Amazon Web Services

⚡️Silvergate Has Been Sued For Securities Law Violations

#bitcoin #crypto #FTX #Alameda #cryptonews #cryptocurrency #crypto #Amazon #Silvergate #cryptomarket #SBF

TOP crypto news - selection ☀️

⚡️Crypto Firm Circle Defies Downsizing, Boosts Workforce By 25%

⚡️OnChain Trade Launch Cancelled: Camelot Falters In Crypto Launchpad

⚡️Voyager's Creditors Now Reach A Settlement Agreement With FTX/Alameda

⚡️Frax Finance Votes To Fully Collateralize Its $1 Billion Stablecoin

#crypto #cryptonews #cryptocurrency #cryptoexchange #circle #OnChain #camelot #voyager #ftx #alameda

TOP crypto news - morning selection ☀️

⚡️Alameda is suing Grayscale, DCG and CEO Barry Silbert, seeking to unlock $9 billion from the trusts

⚡️SEC increases staff to investigate and prosecute crypto firms

⚡️Binance drained half of the BUSD that were on the balance sheet, about 7 billion.

⚡️In Pennsylvania, a fully nuclear Bitcoin mining complex is launched

#cryptonews #cryptocurrency #cryptoexchange #bitcoin #mining #alameda #Grayscale #DCG #SEC #binance #busd