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Is SBF BALD? FTX Connection Emerges in Rug Pull Investigation

Published 01/08/2023, 12:57
Updated 01/08/2023, 14:45
Is SBF BALD? FTX Connection Emerges in Rug Pull Investigation

  • The crypto community on Twitter has raised concerns about the identity of the BALD memecoin deployer.

  • Analysis by on-chain sleuths suggested that the deployer may be Sam Bankman-Fried or an FTX insider.

  • The deployer’s previous transactions showed signs of affiliation with FTX and Alameda Research.

Sam Bankman-Fried (SBF) may be the deployer of the controversial meme token BALD, according to analysis by on-chain sleuths on Twitter. The previous transactions made by the wallet that added liquidity to the meme token indicated an affiliation with FTX and its sister firm Alameda Research, both founded by Bankman-Fried.

In an interesting turn of events, one of the most hyped meme tokens on Coinbase’s layer-2 Base has become one of the most controversial tokens. After losing the majority of its liquidity and witnessing a price fall of more than 85%, the crypto community on Twitter has accused the deployer of rug-pulling.

BALD’s popularity surged after degen traders on Twitter shared gains of up to 100,000%. The prospect of exponential returns prompted others to invest in the meme token and pump its price, adding to the mania. However, it all came crashing d…

The post Is SBF BALD? FTX Connection Emerges in Rug Pull Investigation appeared first on Coin Edition.

The post Is SBF BALD? FTX Connection Emerges in Rug Pull Investigation appeared first on Coin Edition.

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