FTX CEOs are being investigated for potential securities law violations. This has contributed to liquidity problems at FTX.com, according to an anonymous person. Bloomberg
The report is part of a recently launched investigation by the SEC, DOJ and the Commodity Futures Trading Commission. [CFTC] These agencies are investigating whether the client’s funds on the exchange have been misused by the management.
Besides FTX Alameda Research was also investigated because the SBF hadtransferAbout $4 billion from FTX went to Alameda earlier this year. And this could be one of the reasons the platform was dragged into all investigations.
Latest report from Bloomberg also stressed that the staff of the FTX.US platform in the United States Trying to sell some of the company’s assets Both in Embed, which is the platform. Stock-clearing that FTX acquired in June 2022.
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