“FatMan” Secretly Linked To SBF Over FUDing Terra LUNA?

According to a report published on Wednesday,  federal prosecutors in the United States are investigating FTX founder Sam Bankman-Fried for the manipulation of two cryptocurrencies earlier this year. They have begun an investigation to investigate whether or not Bankman-Fried manipulated the prices of TerraUSD and Luna to benefit FTX and its associate trading firm, Alameda Research.

Was Terra FUD Planned?

However, there’s one more aspect to this whole drama. It’s being alleged that, SBF’s Alameda possibly hired a Twitter influencer who would later go on to spread lies about the Terra (LUNA) project and its founder Do Kwon.

Going by the Twitter handle @fatmanterra, the profile has repeatedly spoken against the crypto project and about its eventual demise, pinning the faults on Do Kwon and his team, Terraform Labs. The profile, however, remains anonymous.

Read More: Terra Do Kwon Reacts To Court Rejecting Arrest Warrants

The pseudonymous “FatMan”, first gained prominence when he publicly claimed that he had “proofs” of Do Kwon’s malpractice in the infamous UST depeg.

FatMan vs Do Kwon

Although, many claim that his proofs have been debunked by other community members, the profile still sticks to his views and has continually spoken against the Terra founder.

The self-proclaimed “cryptocurrency & finance researcher” has even denied the allegations of SBF playing a role in the UST debacle of May 2022.

Instead, his latest tweet targets Terraform Labs for dumping their own $450 Million UST into the market — thus leading to the cryptocurrency’s eventual demise.

Do Kwon Opens Up

The Terra founder believes that Genesis Trading provided around $1 billion in UST to Bankman-Fried’s Alameda Research before the stablecoin’s depeg in order to carry out the infamous trade.

He further went on to state:

I think the time has come for GenesisTrading to reveal if they provided the $1B UST shortly before the crash to SBF..The large currency contraction that UST went through in Feb 2021 was started by Alameda. What’s done in darkness will come to light.

Read More: Do Kwon Explains How SBF And Genesis Led Terra-LUNA Crisis

In a statement to the Times on Wednesday, Bankman-Fried said he was not aware of any “market manipulation” and definitely never planned to engage in any kind of market manipulation.



Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now – he has seen it all.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: https://coingape.com/twitter-influencer-fatman-secretly-linked-sbf-over-fuding-cryptocurrency/