In addition to Bankman-Fried, the plaintiffs are also seeking damages from football superstar Tom Brady and tennis player Naomi Osaka.
(Photo: Bloomberg)
Bangalore, New York The collapse of the FTX crypto exchange has legal repercussions for the company founder. According to court documents, a class action lawsuit has been filed against Sam Bankman-Fried in Miami. The interest-bearing cryptocurrency accounts offered by FTX should not have been sold due to a lack of a license in the United States, the lawsuit states.
The FTX bankruptcy also gets politicians on the scene. The US House of Representatives is planning a hearing on the issue. In addition to Bankman-Fried, representatives of competitors such as Binance should also be heard.
The Biden administration also wants to react to the recent crisis. US Treasury Secretary Janet Yellen called for increased market surveillance. Her ministry and other regulators have identified risks in crypto markets for the past year, which include a lack of transparency and conflicts of interest, the minister said in a statement on Wednesday. At the same time, consumer protection should be strengthened.
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