Tags: ftx | sec | cftc

US Probes FTX Over Handling of Client Funds

US Probes FTX Over Handling of Client Funds
(AP)

Wednesday, 09 November 2022 11:56 AM EST

Two top U.S. financial regulators are probing whether crypto exchange FTX.com properly handled customers' funds, and its relationship with other parts of Sam Bankman-Fried's crypto empire, Bloomberg News reported Wednesday.

The Securities and Exchange Commission and the Commodity Futures Trading Commission are probing FTX.com’s relationship with its American counterpart FTX U.S. and Bankman-Fried's trading firm Alameda Research, the report said.

The report, citing people familiar with the matter, comes a day after crypto exchange Binance said it would acquire FTX.com.

A CFTC spokesperson declined to comment. The SEC and FTX.com did not immediately respond to Reuters' requests for comment.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Two top U.S. financial regulators are probing whether crypto exchange FTX.com properly handled customers' funds, and its relationship with other parts of Sam Bankman-Fried's crypto empire, Bloomberg News reported Wednesday.
ftx, sec, cftc
99
2022-56-09
Wednesday, 09 November 2022 11:56 AM
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