SBF –
SAM BANKMAN-FREID – FTX – ALAMEDA – BINANCE – CZ – MARKET MANIPULATION –
PROPAGANDA – NEGATIVE MEDIA
The crypto
world is alarmed at the rumours that Sam Bankman-Fried (‘SBF’), through his FTX
‘black ops’ media propagandists, PR Firm M Group Communications, is funding an
avalanche of negative media to damage Binance.
Journalists and influencers are apparently said to be supplied with a
‘black book’ of dirt about Binance.
There are contacts, references and suggested pre-scripted articles for
shills to reproduce as news.
Binance so
far has remained unscathed from the dirty market manipulation that precipitated
the Crypto market crash in March. By
contrast, revelations about SBF’s schemes such as the suggestion that he
borrowed to dump huge amounts of Luna/USDT to force the de-pegging that caused
the crash; or dumping of stETH which lead to the Celsius Collapse; the
borrowing of $1.6b from Voyager before its bankruptcy; the use of fake BTC and
crypto manufactured on his centralized exchanges and many more have
arisen. However, having made over $24b,
SBF has managed to contain attention on his transactions by funding
misdirecting propaganda. Even to the
point sycophantic accolades that SBF is the white-knight hero who saved the
crypto markets.
In saving
the crypto market, our hero has managed to 100X FTXs value and buy up a number
of exchanges and platforms cheaply to consolidate his monopoly over the
market. In this opaque crypto market, it
will be impossible to have conclusive evidence for any of these
revelations. Maybe he did not take
advantage of the potential of being both market maker placing bets through
Alameda and knowing everyone else’s bets through his centralized exchanges. Maybe he resisted all temptation that comes
from knowing the liquidation positions of the market players and their
vulnerability to price manipulation.
Maybe it is just hard work and long hours alone that has resulted in his
dominance of the crypto market.
There are
suggestions that the sudden resignation of Alameda Co-CEO and Co-Founder Sam
Trabucco, may be partly attributable to his desire to distance himself from
shady practices he was no longer comfortable with.
SBFs’ only
rival is CZ’s Binance. Is it mere
co-incidence that the black ops media hit on Binance has arisen now? Damaging Binance with torrential FUD will
have significant further bearish pressure on the market. How is SBF positioning himself to enrich
himself from a market drop he will create through his Binance hit?
What can we
expect from SBFs Binance hit? Will SBF toadies-propagandists
quote unnamed sources to suggest Binance is controlled by the CCP and play the
China hate card? Are patriots and
freedom lovers supposed to close their Binance accounts and come over to FTX?
SBF funded
lobbyists have apparently made progress advancing his interests with
politicians. There are no Congress
committee investigations into SBF’s privilege and power over the crypto market,
yet. CZ has played the PR game without
resorting to negativity. Will this now
change?