Bitcoin once again touched the coveted $10,000 price level, but this only happened one the FTX cryptocurrency derivatives exchange.
At press time, the top coin is sitting at $8,744, according to CoinStats data.
Did you know while you were hating on @DueDEX_Official, $BTC hit 10k today?— NekoZ (@CryptoNekoZ) November 12, 2019
Strange right, no Vegeta memes or anything yet on CT, yet on @FTX_Official BTC hit 10k on spot and everyone is quiet on it...
Hmmm... Should I make a 15 tweet thread voicing my concerns? pic.twitter.com/Ezae9ZHaTp
There may be a finger somewhere in this image 🧐 pic.twitter.com/W5c7k9SRpw— Alex Krüger (@krugermacro) November 12, 2019
The enormous price spread prompted some Twitter users to accuse the exchange of manipulating the crypto market.
Crazy market manipulation by @FTX_Official .$BTC reached 10K USD !!!— ₿itcoin ₿aba™️☮️( DERIBIT) (@cryptobaba_) November 12, 2019
I suggest my followers please stay away from this exchange.
Huge manipulations are on regular basis with this exchange.#BITCOIN #Crypto #cryptocurrency #cryptocurrencynews #SCAM pic.twitter.com/aPt3QSFobK
Ironically, Sam Bankman-Fried, the CEO of the exchange's parent company Alameda Research, asked CoinMarketCap to include FTX on its newly launched list of the most liquid spot markets just hours before the embarrassing candle happened.
FTX had already made a lot of buzz in November even before the aforementioned incident. At the beginning of the month, Alamada Research was slapped with a $150 mln lawsuit for market manipulation and racketeering.
This came after an accidental attack on Binance's futures platform that took place on Sept. 15. Since Binance's liquidations are tied to the index price, the market wasn't affected, but the plaintiff insisted that the was still significant damage involved.
Alameda Research quickly dismissed the "nuisance suit," claiming that it had no evidence to back up any wrongdoings.