The U.S. Commodity Futures Trading Commission (CFTC) has sued bankrupt cryptocurrency exchange FTX, former CEO Sam Bankman-Fried (SBF), and investment firm Alameda Research.
U.S. Court for the Southern District of New York According to the application report published CFTCSBF, FTX, and Alameda after the U.S. Securities and Exchange Commission (SEC) sued SBF fraud on the accusation sued.
Bahamas-based cryptocurrency exchange FTX has experienced liquidity crisis withdrawals due to stopped and chapter 11 applied to the restructuring court. CEO of company SBF on bankruptcy resigned and a manager with experience in restructuring and bankruptcy management. John J Ray had been appointed.
Jhon J. Ray, the company’s directors of client assets and Alameda Research for personal and company interests disclosed its use. Also, the management of the company professional life He said it was the worst management he had ever encountered.
The SBF was released by Bahamas authorities after the US filed a formal criminal complaint earlier in the day. arrested. Former CEO recently to the USA return to be made possibility is on the agenda.