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Twitter Bots Pumped Alameda-Linked Coins After FTX Listings
A report from the Network Contagion Research Institute (NCRI) reveals that Twitter bots were used to artificially pump the prices of crypto tokens traded by Alameda Research after they were listed on FTX. The report shows that fake tweets and inauthentic comments comprised about half of all Twitter posts about the tokens, suggesting an orchestrated effort to manipulate market sentiment. Alameda Research employees were also found to have leveraged insider information to profit from the tokens before their listings on FTX.