Officials in multiple regions are questioning Binance over the company’s role in the collapse of FTX, a company spokesperson for Binance said.
The investigations came amid ongoing investigations into FTX itself by US law enforcement and regulators.
Binance Spokesperson: “We Cannot Provide Details As Investigation Continues”
Binance’s acceptance of the investigations came in response to criticism from UK parliamentarians for allegedly failing to inform a parliamentary committee about the exact issue.
A company spokesperson claimed that further details could not be given as the exchange is currently cooperating with regulatory authorities.
A company spokesperson said:
“As disclosed to the Treasury Select Committee, we are unable to share any documents regarding FTX beyond the factual information we have provided because the matter is subject to ongoing investigations by regulatory authorities in a number of jurisdictions with which we cooperate and share information in a strictly confidential manner.”
A committee in the US House of Representatives also plans to examine the company’s role in FTX’s collapse, in addition to major allegations of misconduct from FTX executives, including founder Sam Bankman-Fried.
The committee announced it would hold a hearing in December and identified Binance, along with FTX and Alameda Research, as one of the companies it would like to listen to.
In a tweet that has now been deleted cryptocurrency Changpeng ‘CZ’ Zhao, CEO of his company, said that his company will not send representatives to the hearing.
Members of the UK House of Commons Treasury Committee were disappointed with the evidence Binance presented to them about their role in the crash, Bloomberg reported today. The company largely adhered to a public event timeline in its response to a question about its role in its rival’s collapse.
*Not investment advice.
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