Regulation

US DOJ reportedly investigating FTX CEO for siphoning funds out of the US

Whereas many crypto fraudsters had been in a position to slip via the cracks previously, the identical doesn’t maintain for FTX CEO Sam Bankman-Fried (SBF). Operating parallel to the continuing scrutiny associated to FTX frauds, the US Division of Justice (DOJ) is reportedly investigating a possible fraud that entails SBF siphoning funds offshore simply days earlier than FTX filed for chapter.

According to a Bloomberg report, the federal investigation goals to look at SBF’s involvement in improperly transferring FTX funds to the Bahamas because the defunct crypto alternate filed for chapter on Nov. 11.

The nameless informant additional revealed that DOJ officers met with FTX’s court-appointed overseers to debate the scope of the knowledge they want for additional investigation. DOJ additionally plans to analyze whether or not SBF unlawfully transferred FTX funds to Alameda Analysis.

Given SBF’s robust connections to US politics, the fraudster has not but been charged with any crimes and continues to take part in Twitter discussions from undisclosed areas. On Dec. 9, SBF accused Binance CEO Changpeng ‘CZ’ Zhao of mendacity and backing out final minute from a deal that might save FTX.

The duel between the CEOs, CZ and SBF. Supply: Twitter

In keeping with CZ, SBF was “unhinged” on the alternate pulling out — a declare that prompted an internet response from the previous FTX CEO.

Associated: FTX reportedly will get 3 extra months to cease all operations in Japan

In keeping with Monetary Instances, a failed $100-million deal allowed pop star Taylor Swift to stroll away with none reference to FTX.

Taylor was in dialogue with FTX for a sponsorship deal, which might have made her one of many faces representing the failed crypto exchanges. Whereas the musician initially avoided signing the deal because it was costly, FTX’s chapter shut down the dialogue completely.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button