US Investigating FTX Empire Over Handling Of Customer Funds: Report

US Investigating FTX Empire Over Handling Of Customer Funds: Report
фото показано с : bitcoinmagazine.com

2022-11-11 20:13

US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.

SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations also relate to lending.SEC probe reportedly predates Binance’s acquisition of FTX.

U.S. financial regulators have apparently been actively following the carnage that’s ensued in cryptocurrency markets over the past couple of days.

According to a report by Bloomberg, people familiar with the matter said the Securities and Exchange Commission and the Commodity Futures Trading Commission are investigating the liquidity crunch at FTX that led to its non-U.S. operations being acquired by competitor Binance, the world’s largest exchange, on Tuesday.

What started as apparently a clash between crypto’s two wealthiest founders quickly spiraled into a deal between them to save FTX from collapse. Binance CEO Changpeng Zhao announced his company would be offloading half a billion dollars worth of the rival’s native token, FTT, which triggered a sharp selloff of the token and culminated in FTX’s Sam Bankman-Fried being rescued out of a “liquidity crunch.”

The regulatory agencies are probing FTX over how it handled customer funds, apparently a key component of the exchange’s liquidity situation.

Watchdogs also seemingly worry about how much of an impact the buyout will have on FTX’s U.S. operations. According to a financial policy analyst at $15.8 billion Cowen, the deal could be treated as a matter of national security by American regulators.

Regulators also seem to be keenly interested in learning more about the flow of funds between two of Sam Bankman-Fried’s businesses, FTX and Alameda.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

World Trade Funds (XWT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 XWT

funds ftx investigating following handled client liquidity

funds ftx → Результатов: 49


Bitcoin has fallen below $17,000 amid the FTX exchange’s liquidity crisis. The FTT token collapsed by 90%

Investors’ concerns about the solvency of the FTX cryptocurrency exchange and the safety of its users’ funds led to a drop in the cryptocurrency market. According to the Cryptovizor cryptocurrency screener, which determines the market price of BTC/USD based on the results of trading on the largest exchanges, the asset fell to $16,893.

2022-11-9 09:51


FTT price falls amid liquidation claims

FTT price has dropped by more than 12% in the past seven days following some issues with a leaked Balance Sheet of FTX’s sister firm Alameda Research. In particular, the leaked balance sheet showed an imbalance in Alameda’s financials and triggered fear among investors who have been withdrawing funds including stablecoins from FTX at an […] The post FTT price falls amid liquidation claims appeared first on CoinJournal.

2022-11-8 16:36


Crypto Boss Bankman-Fried Donates $31.5M to Super PACs

FTX’s billionaire CEO Samuel Bankman-Fried has contributed $31. 5M to super political action committees in this election cycle. With U. S. midterm primaries in full swing, crypto’s golden boy Sam Bankman-Fried has joined the likes of George Soros in pumping funds into super political action committees, entities that promote specific political candidates or advocate for their defeat.

2022-5-22 16:15