揭秘 FTX 的市場操縱計畫：據稱破產的交易所如何損害 MultiversX (EGLD) 和其他加密貨幣

在最近的一期播客中，排名前 100 名的加密貨幣高管揭露了 FTX 交易所的市場操縱計劃。現已破產的 FTX 據稱進行了許多類似的市場操縱活動，故意損害某些項目以謀取其他項目的利益。

Top 100 cryptocurrency executives have recently unveiled a market manipulation scheme by the FTX exchange in a recent podcast episode. The now-bankrupt FTX has allegedly engaged in several similar market manipulation activities, intentionally harming some projects for the benefit of others.

前 100 名加密貨幣高管最近在最近的播客節目中揭露了 FTX 交易所的市場操縱計劃。現已破產的 FTX 據稱參與了數起類似的市場操縱活動，故意損害某些項目以謀取其他項目的利益。

On October 12, the Full Shard Podcast aired its first episode, featuring three co-founders of MultiversX Labs, formerly Elrond. Starting at around 00:55:00, Beniamin Mincu, Lucian Mincu, and Lucian Todea discussed their experience with FTX's market manipulation.

10 月 12 日，Full Shard 播客播出了第一集，其中包括 MultiversX Labs 的三位聯合創始人（前身為 Elrond）。從 00:55:00 左右開始，Beniamin Mincu、Lucian Mincu 和 Lucian Todea 討論了他們在 FTX 市場操縱方面的經驗。

According to the three executives, Sam Bankman-Fried's bankrupt exchange engaged in massively pumping, farming, dumping, and then shorting MultiversX tokens. These actions, as discussed, were primarily responsible for EGLD's volatile price action in the early days, significantly harming the project.

據三位高管稱，Sam Bankman-Fried 破產的交易所進行了大規模抽水、挖礦、拋售，然後做空 MultiversX 代幣。如所討論的，這些行為是 EGLD 早期價格波動的主要原因，嚴重損害了該項目。

picks for you

為您精選

Other cryptocurrencies were also affected

其他加密貨幣也受到影響

Moreover, Lucian Mincu explained that talks to other crypto executives and founders revealed a similar negative experience with FTX activities. In particular, the leading developer mentioned that Avalanche (AVAX) was also “farmed very, very properly,” according to talks at events.

此外，Lucian Mincu 解釋說，與其他加密貨幣主管和創辦人的對話顯示，FTX 活動也有類似的負面經驗。根據活動中的談話，主要開發商特別提到 Avalanche (AVAX) 也「非常非常正確地種植」。

“From where I come from, people try and do good stuff. They help each other, and there is a reputation for people being helpful with other founders. For those guys [FTX] I never heard any of my friends ever mentioning their name or at least [not] in a positive way.”

「在我的家鄉，人們努力做好事。他們互相幫助，並且為其他創始人提供幫助是有名的。對於這些人 [FTX]，我從來沒有聽到我的任何朋友提到過他們的名字，或者至少沒有以積極的方式提到過他們的名字。

Lucian Mincu added that even after ten years in this space with “pretty much the most relevant people,” he never heard “at least one single builder saying one good word that he had been helped in any way by Alameda or FTX.”

Lucian Mincu 補充說，即使在這個領域與「幾乎最相關的人」一起工作了十年，他也從未聽到「至少有一個建築商說過一句好話，說他得到了Alameda 或FTX 以任何方式的幫助。

In this context, Sam Bankman-Fried was charged and investigated for market manipulation through Alameda and FTX activities, as The New York Times reported. These activities could have led to the collapse of two cryptocurrencies, TerraUSD (UST) and Terra (LUNA), reportedly for the benefit of FTT and other projects Bankman-Fried supported.

根據《紐約時報》報道，在此背景下，Sam Bankman-Fried 因透過 Alameda 和 FTX 活動操縱市場而受到指控和調查。這些活動可能導致兩種加密貨幣 TerraUSD (UST) 和 Terra (LUNA) 的崩潰，據報道，這是為了 FTT 和 Bankman-Fried 支持的其他項目的利益。

FTX market manipulation: pump, farm, dump, short

FTX 市場操縱：拉高、農場、拋售、空頭

Commenting further on the matter, Beniamin Mincu highlighted how FTX maliciously used the existing incentives – created to foment the ecosystem. As explained, “Incentives drive some people to behave in ways you would never expect,” which unintentionally facilitated the manipulation.

Beniamin Mincu 在進一步評論此事時強調了 FTX 如何惡意利用現有的激勵措施（旨在促進生態系統）。正如所解釋的，“激勵措施驅使一些人以你意想不到的方式行事”，這無意中促進了操縱。

“It is one thing for someone to farm you for tens or hundreds of millions and another thing to use that money very intentionally to bring everything down, profit as much as possible, and so forth.”

“有人用數千萬或數億來耕種你是一回事，而故意用這些錢來摧毀一切、盡可能多地獲利等等則是另一回事。”

Lucian Mincu said he remembers seeing an FTX position worth between $100 to $200 million at that time.”The mechanics were even more evil than what people would have expected anyone to be,” he concluded.

Lucian Mincu 表示，他記得當時看到 FTX 部位價值在 1 億至 2 億美元之間。

Previously, Lucian Todea commented on how “farming” would usually mean a good thing in crypto, giving yield opportunities. However, FTX's market manipulation taught him how it can also be used for nefarious intentions, directly harming a well-intentioned project.

此前，Lucian Todea 評論道，「農業」在加密貨幣中通常意味著一件好事，提供了收益機會。然而，FTX 的市場操縱行為告訴他，FTX 也可以被用於惡意目的，直接損害一個善意的專案。

How FTX's market manipulation affected MultiversX (EGLD)

FTX 的市場操縱如何影響 MultiversX (EGLD)

Todea and the Mincu brothers went through more details on how the FTX market manipulation occurred and affected MultiversX (EGLD). Finbold also recurred to DavyCrypto, DeFi enthusiast and ambassador of grassroots MultiversX projects, for more information on what happened.

Todea 和 Mincu 兄弟詳細了解了 FTX 市場操縱如何發生以及如何影響 MultiversX (EGLD)。 Finbold 也再次聯繫了 DeFi 愛好者兼草根 MultiversX 計畫大使 DavyCrypto，以了解更多關於所發生事件的資訊。

As described, the institution's actions consisted of buying large amounts of EGLD to stake in the recently launched Maiar Exchange. The demand pressure pumped EGLD's price to an all-time high of around $540. This was the first phase.

如上所述，該機構的行動包括購買大量 EGLD 以入股最近推出的 Maiar 交易所。需求壓力將 EGLD 的價格推至 540 美元左右的歷史新高。這是第一階段。

Then, FTX and other entities collected significant amounts of the staking rewards paid in the airdropped token MEX. Moving forward, these MEX tokens were exchanged for EGLD, which were then partially sold in the spot market.

然後，FTX 和其他實體收取了大量透過空投代幣 MEX 支付的質押獎勵。接下來，這些 MEX 代幣將兌換成 EGLD，然後在現貨市場上部分出售。

“Big whales came, buying EGLD, farming on the DEX, and selling MEX reward tokens instant. This drove up the price a lot for EGLD and made MEX perform poorly. Once they decided they had enough of MEX, they started to sell EGLD and hedge their position.”

「大鯨魚來了，購買 EGLD，在 DEX 上耕作，並立即出售 MEX 獎勵代幣。這使得 EGLD 的價格大幅上漲，並使 MEX 表現不佳。一旦他們決定擁有足夠的 MEX，他們就開始出售 EGLD 並對沖頭寸。

Moreover, the unsold positions were used as collateral to open short positions against EGLD, dropping the price even further. By January 2022, EGLD had crashed to a local bottom of $112.79 and by June to $37.69. The token entered a downtrend, going to as low as $21.42 after its all-time high back in 2021.

此外，未售出的部位被用作抵押品，開設針對 EGLD 的空頭頭寸，進一步壓低了價格。到 2022 年 1 月，EGLD 已跌至當地最低點 112.79 美元，到 6 月跌至 37.69 美元。該代幣進入下跌趨勢，在 2021 年創下歷史新高後跌至 21.42 美元。

This prolonged drop happened when the entire market crashed amid the Terra-LUNA collapse, putting all cryptocurrencies in a bear cycle. Now, EGLD is trying to recover from these levels, currently trading at $26.57 – below its 30-week exponential moving average.

這種長時間的下跌發生在 Terra-LUNA 崩潰期間整個市場崩潰時，所有加密貨幣都陷入了熊市週期。現在，EGLD 正試圖從這些水平恢復過來，目前交易價格為 26.57 美元，低於 30 週指數移動平均線。

Learning from past mistakes and moving to a new crypto bull cycle

從過去的錯誤中吸取教訓，進入新的加密貨幣牛市週期