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After the fresh drama in the space, the fight between CZ and SBF and , well , everything that goes on in the last few days, I can't stop but thinking how similar is what SBF has done with his FTT token to the scheme that Do Kwon played between UST, Anchor and Luna. The only major difference is that the so called "degen strategy"( to use Luna as collateral at anchor to get ust, with which you buy more Luna and repeat) is that Kwon let outsiders playing the game(and loosing their money), and the fact that he doesn't touched USD directly, but through the whole market via UDT. Now,it becomes obvious for me that SBF has a very strong joker in the FED, because such manipulation is at the very least what one calls "money laundering" and it's probably much worse than just that. What do you think about that hypothesis?
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