Spoiler: maybe they are, maybe they aren’t. Since BALD memecoin launched on Basethe Crypto Twitter community is wondering about the identity of the anonymous developer behind the project. Suspicions have been raised about the possible involvement of FTX founder Sam Bankman-Fried. All the more reason to be amazed.
BALD, the new memecoin stirring up the crypto sphere
In fact, the BALD is a memecoin launched on Basethe brand-new Coinbase layer 2. In a short space of time, memecoin has become a runaway success, with a pump of over 289 000 % in the first few hours of trading, before plummeting, taking with it the profits (millions of dollars) of certain traders.
Why did it fall? Because the token’s anonymous developer withdrew thousands of ETH in liquidity. Facts that were enough to awaken the so-called crypto Twitter.
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The Very BALD trip
Hard wakes up when you see the peregrinations of the Twitter community yesterday, which after having, thanks to the free registers of the blockchain, investigated found strange connections between Sam Bankman-Fried, FTX, Alameda Research and the BALD.
Indeed, several members of the Crypto Twitter community have raised suspicions about Sam Bankman-Fried’s involvement in the development of the BALD memecoin. Some linked the address of the Ethereum wallet responsible for deploying the BALD token to wallets associated with FTX and Alameda Research, adding to their suspicion.
Some went so far as to find a Binance address among the various addresses involved in BALD. during the UST depeg.
Conspiracy theory? Doubts remain
While some accuse SBF of having stolen over 20 million dollars with the BALD :
« It appears that the portfolio has been repeatedly funded by FTX and Alameda Research over the past 2-3 years. Not super surprising that SBF is under house arrest, being investigated and still finding a way to shoot people. The account was the first address to vote on the Sushi proposals (the original Sushi developer who strengthened it after launch and then bought back the tokens was also Sam) as well as the Dydx proposals. »
So, looking at the various accounts TwitterBALD developer and Sam Bankman-Fried, similarities in phrasing were found:
Alameda and BALD: dangerous liaisons
We won’t pretend to offer an answer to this cryptographic muddle. However, some experts cast doubt on the likelihood that Sam Bankman-Fried, the infamous founder of FTX, was behind such a scheme because of the various restrictions imposed on him by the US justice system.
Even though he’s not in prison, SBF is awaiting trial in October, under house arrest at his parents’ home. However, as the points out Igor Igamberdiev, research director at Wintermute in a Twitter thread, the traced addresses have so many links to the FTX/ Alameda Research empire that one might think Sam Trabucco – who left Alameda 3 months before FTX’s collapse – is hiding behind the memecoin.
BALD continues to be the talk of the town, while yesterday suspicions of insider trading weighed against Coinbase, so it seems that the Twitter crypto has found a new culprit today. However, the conditional is still the order of the day in this case, which once again highlights the fact that the youth of our ecosystem and force us to remind you, dear readers, to stay safeents.
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