CoinDesk reports that a study from the Network Contagion Research Institute (NCRI) alleges that Alameda Research, a quant trading firm led by FTX founder Sam Bankman-Fried (SBF), deployed a Twitter bot comment unit to boost coin prices post-listing on FTX. The report suggests that coins like BOBA, GALA, IMX, RNDR, and SPELL saw a surge of 30% in fake tweets and comments within hours of FTX listing, hinting at an organized market manipulation. Alameda is said to have gained $60 million ROI through these coins.

#CoinDesk #AlamedaResearch #FTX #marketmanipulation #crypto2023