US Justice Department , Seeks Probe Into , FTX Fraud Allegations.
Authorities in the United States are reportedly
pushing for an independent examiner to
investigate fraud allegations against FTX. .
Authorities in the United States are reportedly
pushing for an independent examiner to
investigate fraud allegations against FTX. .
Business Insider reports that a court filing submitted
by the Justice Department calls for a probe into
alleged wrongdoing that led to the company's crash.
Business Insider reports that a court filing submitted
by the Justice Department calls for a probe into
alleged wrongdoing that led to the company's crash.
An examiner could – and should –
investigate the substantial and serious
allegations of fraud, dishonesty,
incompetence, misconduct
and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.
An examiner could – and should –
investigate the substantial and serious
allegations of fraud, dishonesty,
incompetence, misconduct
and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.
This is especially true where, as here,
there are colorable claims that certain
of the Debtors misappropriated
$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.
This is especially true where, as here,
there are colorable claims that certain
of the Debtors misappropriated
$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.
According to various reports and filings, FTX was
funneling customer funds into Alameda Research,
the crypto-trading arm of Bankman-Fried's empire.
According to various reports and filings, FTX was
funneling customer funds into Alameda Research,
the crypto-trading arm of Bankman-Fried's empire.
The same filings and reports showed that
$300 million of customer funds were also used
to purchase luxury homes in the Bahamas. .
Business Insider reports that
$2 billion of customer funds
are still unaccounted for.
Bankman-Fried has denied
allegations of fraud, claiming that he was
unaware of what was occurring at his companies.
Bankman-Fried has denied
allegations of fraud, claiming that he was
unaware of what was occurring at his companies.
I didn't ever try to commit fraud
on anyone. I was shocked by
what happened this month, Sam Bankman-Fried, 'New York Times' DealBook
summit statement, via Business Insider.
Business Insider reports that the collapse of FTX
has sent waves through the crypto market, sparking
concerns that further turmoil will rattle the industry.