The analytical platform Spotonchain has revealed information that the bankrupt cryptocurrency exchange FTX and its affiliated company, Alameda Research, conducted secret operations to sell Ether through the American exchange Coinbase totaling $24.57 million. Over the past two weeks, approximately 6500 ETH was sold, with a noticeable drop in the price of Ether observed during most of the transactions, with an average cost of $3780 per unit.

Spotonchain suggests that such actions could have been part of a market manipulation strategy by the temporary management of the FTX Group. This revelation coincided with a record increase in the price of Ether, which reached $4083 on March 13, the first time since 2021, although the price subsequently slightly declined.

This incident underscores the importance of transparency and regulation in the cryptocurrency industry, especially in the context of large operations that can influence market prices and investor trust.