Federal Prosecutors interrogate FTX staff
2022.12.08 14:51
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Federal Prosecutors interrogate FTX staff
Budrigannews.com – A person with knowledge of the meeting said that FTX’s new chief executive officer and attorneys met this week with officials from the Justice Department as the investigation into the collapse of the crypto company continues.
According to the source, the new CEO of FTX Trading, John J. Ray III, and the crypto company’s attorneys met in person with prosecutors from the Manhattan U.S. attorney’s office, who have been leading a probe into the firm’s sudden collapse. The meeting was first reported by Bloomberg News.
A spokesperson for the Justice Department declined to comment.
After rival exchange Binance withdrew from a potential acquisition, FTX filed for bankruptcy protection in the United States and its founder, Sam Bankman-Fried, resigned as CEO. According to Ray, who was appointed to oversee the company’s restructuring, the business is cooperating with regulators and law enforcement.
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The source, who declined to be identified due to the confidentiality of the meeting and investigation, stated that FTX is cooperating with the government’s investigations and may hold additional meetings with prosecutors.
Companies with exposure to what was once one of the largest crypto exchanges in the world have seen their liquidity impacted as a result of the implosion of FTX, which has caused regulators in several nations to conduct investigations.
