Was Sam Bankman-Fried behind a rip-off undertaking?

Within the newest episode of “The Market Report,” analyst and author Marcel Pechman discusses the BALD token rug pull and the allegations pointing towards FTX founder Sam “SBF’ Bankman-Fried because the wrongdoer. The token launched on Coinbase’s Base community, which is presently underneath improvement, and witnessed unimaginable good points between July 30 and 31.

Pechman notes that it’s unattainable to know the way a lot faux quantity and what number of trades involving the identical entity or small teams had been used to prop up BALD’s value on decentralized exchanges (DEXs). Additional proof for this speculation is the 85% value plunge shortly after BALD’s developer eliminated the liquidity deposited in DEX swimming pools.

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