FTX's Bankman-Fried Under Spotlight As Ether Holdings Show Unusual Activity
Portfolio Pulse from Bibhu Pattnaik
About 2,500 Ethereum (ETH), previously linked to an FTX account, started showing activity, raising eyebrows within the cryptocurrency community. The funds were split and transferred using various tools. This comes as Sam Bankman-Fried, who headed FTX, is preparing for a trial in the U.S. on allegations of fraud and conspiracy to commit fraud.
September 30, 2023 | 6:18 pm
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Unusual activity in Ethereum linked to an FTX account could potentially impact the price of ETH in the short term.
The unusual activity in Ethereum, linked to an FTX account, has raised speculations within the cryptocurrency community. This, coupled with the legal issues surrounding Sam Bankman-Fried, the head of FTX, could potentially create uncertainty among investors and impact the price of ETH in the short term.
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