Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market of TerraUSD and Luna

Per NYT: Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market LUNA and UST, per NYT.

This was reportedly for benefit of FTX and his hedgefund.

This is done by US prosecutors in Manhattan. NYT reports the investigation is in its early trades, and may include the fact that FTX reportedly misappropriated customer funds for trades.