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Is SBF the Hidden Force Behind BALD? Crypto Twitter Engages in Discussion on the Latest Conspiracy

Is SBF the Hidden Force Behind BALD? Crypto Twitter Engages in Discussion on the Latest Conspiracy

– Crypto Twitter is buzzing with a new conspiracy theory suggesting that FTX founder Sam Bankman-Fried is secretly behind the controversial memecoin called BALD on Base.

– The BALD memecoin saw a massive 289,000% gain within the first 24 hours of trading but then plummeted more than 85% after the anonymous developer removed liquidity.

– Some blockchain sleuths have linked the Ethereum wallet address responsible for deploying the Bald token to SBF, as it received funding from wallets associated with FTX and Alameda Research.

– Conspiracy theorists suggest that SBF may be trying to make up for his past fraud by launching BALD while under house arrest.

– However, it’s worth noting that SBF is not in prison but awaiting trial under house arrest at his parent’s home in California.

– Some argue that it is unlikely for SBF to be behind such a scheme due to his tight internet usage restrictions as part of his bail conditions.

– Crypto influencer Tiffany Fong clarifies that SBF has been using a flip phone without internet connection since April and does not have access to Twitter.

– Other traders and influencers cast doubt on the conspiracy theory and criticize Crypto Twitter for spreading baseless rumors.

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