Sam Bankman-Fried reportedly inflated some crypto prices with Alameda Research
Sam Bankman-Fried used his influence in the crypto industry to inflate some coins prices through a coordinated strategy with FTX's sister company, Alameda Research, per NYT.
Bankman-Fried allegedly approached developers behind projects, and worked to have trading debuts on FTX.
NYT said it was a "pump-and-dump."
One source told the NYT that SBF offered preferrential investments to richer clients, as well.
See SBF's last ever interview before being arrested, with Unusual Whales: https://unusualwhales.com/sbf-interview