John Griffin, who discovered the Bitcoin-Tether connection, has gained the attention of US watchdogs for his academic work on potentially nefarious trading strategies. He also worries that some rogue traders are looking at his research for ideas too!
Griffin isn’t convinced by Cboe’s explanations. “There is no doubt we understand how the market works,” he says. Meanwhile, he fears the VIX paper turned into a how-to guide for would-be manipulators. He says people at banks, whom he wouldn’t identify, contacted him asking for the appendix to the paper, which describes in detail how the suspected manipulation could work.