Are SBF, and Do Kwon and BlackRock working together?
I can understand if individual investors did not know what FTX was doing behind closed doors. But BlackRock? With Aladdin and teams of people to do the due diligence there is no way BlackRock missed this.
- BlackRock bought Bitcoin at around $28k
- Bitcoin goes up to $69k tripling BlackRocks equity.
- Meanwhile Do Kwon is backing Terra (UST) with BTC.
- BlackRock sells there BTC for Terra (UST) over the counter.
- Do Kwon pockets the BTC he got from BlackRock instead of backing UST with it causing UST to be under collateralized.
- BlackRock announces that they sold their BTC causing the BTC price to dump and further under collateralizing UST
- BlackRock dump their UST and breaks the peg and goes short.
- All of this was achieved using the tools they had prepared. (Alameda and FTX).