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Crypto Twitter debates the latest conspiracy: Is SBF secretly behind BALD?

Crypto Twitter debates the latest conspiracy: Is SBF secretly behind BALD?

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

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

– The conspiracy theorists speculate that SBF may be trying to make money while under house arrest before his October trial.

– However, it’s important to note that SBF is not in prison but under house arrest at his parent’s home in California.

– Some crypto pundits 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, who has spoken with SBF since his arrest, refutes the conspiracy and clarifies that SBF has limited access to the internet and uses a flip phone without internet connection.

– Other traders and influencers also cast doubt on the likelihood of SBF’s involvement in the BALD memecoin scheme.

– The conspiracy theory has sparked debate and divided opinions on Crypto Twitter.

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