Updated 2:10 PM PT – Tuesday, November 22, 2022
New York prosecutors have reportedly been investigating the FTX cryptocurrency exchange months before it collapsed.
According to Bloomberg News on Monday, the U.S. Attorney’s Office for the Southern District of New York has been conducting a detailed investigation of the FTX business for months. Federal prosecutors in Manhattan knew long before Sam Bankman-Fried’s FTX cryptocurrency firm collapsed last month.
The investigation is led by U.S. Attorney for the Southern District of New York, Damian Williams. He focuses his FTX trading in both the US and offshore jurisdictions.
The report revealed that the failed exchange was doing business with the Ukrainian government, according to sources. FTX CEO Sam Bankman-Fried was the second-largest Democratic supporter in the midterm election cycle. The report also suggests that New York prosecutors may have evidence of suspicious trading by FTX.
House Republicans are asking Secretary of State Anthony Blinken about concerns that military aid to Ukraine may have been used to make illegal investments in restricted FTX trading.
https://www.oann.com/newsroom/reports-ftx-probed-by-n-y-prosecutors-for-months-before-crash/?utm_source=rss&utm_medium=rss&utm_campaign=reports-ftx-probed-by-n-y-prosecutors-for-months-before-crash FTX Was Investigated By New York Prosecutors For Months Before It Crashed – One America News Network