Alameda-Backed Coins Experienced Suspected Bot-Driven Price Surge on FTX, Study Suggests

Several digital tokens that Sam Bankman-Fried’s trading firm Alameda Research had ties to pumped in price after they were listed on now-bankrupt crypto exchange FTX, according to a report from Network Contagion Research Institute (NCRI). The tokens, which included well-known names like BOBA, GALA, IMX, RNDR, and SPELL, surged by as much as 30% after FTX officially listed them, helped by a flurry of “inauthentic” Twitter activity, the report said.... Read More: Alameda-Backed Coins Experienced Suspected Bot-Driven Price Surge on FTX, Study Suggests