Federal U.S. prosecutors in Manhattan are examining the broadening matters related to SBF for money-laundering, misappropriation of customer funds, etc.; this also includes the fact that he (SBF) caused the fall of Terra Luna Blockchain.
SBF's name linked to Terra's downfall
Stablecoin TerraUSD and popular crypto Terra Luna $LUNA (now Luna Classic $LUNC) fell sharply in May. Luna Founder Do Kwon has been absconding since then; he is blamed for scamming investors. Now the fingers are pointing towards SBF.
The Guy Who Supported Do Kwon
Interestingly, SBF was the first person to give support to Do Kwon after the Luna debacle; he was also the first person to support rebooting Luna and creating Luna 2.0, along with renaming Luna.
As you sow so shall you reap
The destruction of Luna caused the destruction of multiple crypto firms one by one; even the destruction of the SBF Empire can be linked to the steps that followed the destruction of Luna. FTX filed for Chapter 11 on Nov 11 (11/11).
Do Kwon Returns
The investigation is in its early stages, and it is not clear where prosecutors have reached. But Do Kwon has now clearly blamed SBF, and his supporters have also started linking in on the situation.
