揭秘 FTX 的市场操纵计划：据称破产的交易所如何损害 MultiversX (EGLD) 和其他加密货币

在最近的一期播客中，排名前 100 的加密货币高管揭露了 FTX 交易所的市场操纵计划。现已破产的 FTX 据称进行了许多类似的市场操纵活动，故意损害某些项目以谋取其他项目的利益。

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 名加密货币高管最近在最近的播客节目中揭露了 FTX 交易所的市场操纵计划。现已破产的 FTX 据称参与了数起类似的市场操纵活动，故意损害某些项目以谋取其他项目的利益。

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 的三位联合创始人（前身为 Elrond）。从 00:55:00 左右开始，Beniamin Mincu、Lucian Mincu 和 Lucian Todea 讨论了他们在 FTX 市场操纵方面的经验。

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.

据三位高管称，Sam Bankman-Fried 破产的交易所进行了大规模抽水、挖矿、抛售，然后做空 MultiversX 代币。正如所讨论的，这些行为是 EGLD 早期价格波动的主要原因，严重损害了该项目。

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Other cryptocurrencies were also affected

其他加密货币也受到影响

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 解释说，与其他加密货币高管和创始人的交谈显示，FTX 活动也有类似的负面经历。根据活动中的谈话，主要开发商特别提到 Avalanche (AVAX) 也“非常非常正确地种植”。

“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.”

“在我的家乡，人们努力做好事。他们互相帮助，并且为其他创始人提供帮助是有名的。对于这些人 [FTX]，我从来没有听到我的任何朋友提到过他们的名字，或者至少没有以积极的方式提到过他们的名字。”

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 补充说，即使在这个领域与“几乎最相关的人”一起工作了十年，他也从未听到“至少有一个建筑商说过一句好话，说他得到了 Alameda 或 FTX 以任何方式的帮助。”

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.

据《纽约时报》报道，在此背景下，Sam Bankman-Fried 因通过 Alameda 和 FTX 活动操纵市场而受到指控和调查。这些活动可能导致两种加密货币 TerraUSD (UST) 和 Terra (LUNA) 的崩溃，据报道，这是为了 FTT 和 Bankman-Fried 支持的其他项目的利益。

FTX market manipulation: pump, farm, dump, short

FTX 市场操纵：拉高、农场、抛售、空头

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 在进一步评论此事时强调了 FTX 如何恶意利用现有的激励措施（旨在促进生态系统）。正如所解释的，“激励措施驱使一些人以你意想不到的方式行事”，这无意中促进了操纵。

“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.”

“有人用数千万或数亿来耕种你是一回事，而故意用这些钱来摧毁一切、尽可能多地获利等等则是另一回事。”

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，他记得当时看到 FTX 头寸价值在 100 至 2 亿美元之间。“机制比人们想象的还要邪恶，”他总结道。

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 评论道，“农业”在加密货币中通常意味着一件好事，提供了收益机会。然而，FTX 的市场操纵行为告诉他，FTX 也可以被用于恶意目的，直接损害一个善意的项目。

How FTX's market manipulation affected MultiversX (EGLD)

FTX 的市场操纵如何影响 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 兄弟详细了解了 FTX 市场操纵如何发生以及如何影响 MultiversX (EGLD)。 Finbold 还再次联系了 DeFi 爱好者兼草根 MultiversX 项目大使 DavyCrypto，以了解有关所发生事件的更多信息。

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，该机构的行动包括购买大量 EGLD 以入股最近推出的 Maiar 交易所。需求压力将 EGLD 的价格推至 540 美元左右的历史新高。这是第一阶段。

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.

然后，FTX 和其他实体收取了大量通过空投代币 MEX 支付的质押奖励。接下来，这些 MEX 代币被兑换成 EGLD，然后在现货市场上部分出售。

“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.”

“大鲸鱼来了，购买 EGLD，在 DEX 上耕作，并立即出售 MEX 奖励代币。这使得 EGLD 的价格大幅上涨，并使 MEX 表现不佳。一旦他们决定拥有足够的 MEX，他们就开始出售 EGLD 并对冲头寸。”

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，未售出的头寸被用作抵押品，开设针对 EGLD 的空头头寸，进一步压低了价格。到 2022 年 1 月，EGLD 已跌至当地最低点 112.79 美元，到 6 月跌至 37.69 美元。该代币进入下跌趋势，在 2021 年创下历史新高后跌至 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.

这种长时间的下跌发生在 Terra-LUNA 崩溃期间整个市场崩溃时，所有加密货币都陷入了熊市周期。现在，EGLD 正试图从这些水平恢复过来，目前交易价格为 26.57 美元，低于 30 周指数移动平均线。

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

从过去的错误中吸取教训，进入新的加密货币牛市周期