UnusualWhales

The US is probing the FTX founder, SBF, for fraud
12/10/2022

Per Bloomberg: SBF is being probed for FTX in fraud by US prosecutors.

This includes scrutinizing funds held by FTX held outsid ethe US. They are focusing on transfers from Bahamas around FTX's bankruptcy.

Currently, the DOJ, SEC, NY Justice Department are reportedly doing investigations.

There are ongoing discussions on whether FTX mishandled assets, lost billions, and whether they broke law allowing funds to be transfered to Alameda Research.

Prosecutors are also looking at manipulation of FTX into the LUNA ecosystem.

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