Whereas many cryptocurrency scammers have managed to slide by means of the cracks prior to now, the identical shouldn’t be true of FTX CEO Sam Bankman-Fried (SBF). In parallel with the continued scrutiny associated to FTX fraud, the U.S. Division of Justice (DOJ) is investigating potential fraud involving SBF siphoning funds offshore simply days earlier than FTX information for chapter. It’s mentioned that there are
Bloomberg stories {that a} federal investigation goals to probe SBF’s involvement in improperly transferring FTX funds to the Bahamas, as the previous crypto change filed for chapter on Nov. 11. There may be
The nameless informant additional revealed that DOJ officers met with FTX’s court-appointed supervisor to debate the extent of data wanted for additional investigation. DOJ additionally plans to research whether or not SBF illegally transferred her FTX funds to Alameda Analysis.
Attributable to SBF’s robust ties to US politics, the scammer has not but been charged and continues to take part in Twitter discussions from an undisclosed location. On December 9, SBF accused his CEO of Binance, Changpeng “CZ” Zhao, of mendacity and pulling out of a deal that would have saved FTX on the final minute.
In line with CZ, SBF was “upset” by the change’s withdrawal.
Associated: FTX reportedly takes three extra months to halt all operations in Japan
The failed $100 million deal allowed pop star Taylor Swift to stroll away with nothing to do with FTX, in keeping with the Monetary Instances.
Taylor was in talks with FTX a few sponsorship deal, which might have made her one of many faces representing the failed crypto change. FTX’s chapter has completely closed the dialogue.
