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Thursday, 10/12/2023 1:17:03 AM

Thursday, October 12, 2023 1:17:03 AM

Post# of 59443
There is a critical case involving SBF of FTX Exhcange that intentionally sold customer Bitcoin funds to suppress the price. SBF also had meetings with Gensler of SEC and Maxine in the House prior to the collapse of the exchange. People caught wind of them being illiquid and selling non-existent Bitcoin (on their systems - outside of the network) and essentially a run in the bank ensued. I wouldn't doubt it if collusion is found there and they tried to cast a negative light on Bitcoin. It's a big case for the industry. Bitcoin is a threat to their money printer and mechanism of control. In the testimony today FTX former exec said SBF told her to intentionally sell BTC to keep price under 20k.
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