11/10/2022, 4:00 AM (Source: TeleTrader)
more TeleTrader news

FTX investigated by DoJ, SEC - report

The United States Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) have launched a probe into the dealings of the cryptocurrency platform FTX, the Wall Street Journal reported. The news follows the platform's nosedive earlier this week, Binance's announcement of its acquisition and its eventual retraction.

According to sources, the investigation is focused on FTX's subsidiary FTX.US and suspicions that some of its assets were not registered before being sold to investors. The report claimed the DoJ and the SEC contacted the FTX.US's legal team for more information on its relations with FTX, as well as its founder's company Alameda Research.

Baha Breaking News (BBN) / DJ