Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges

Gizmodo: “The Department of Justice and Securities and Exchange Commission are investigating FTX, a crypto platform that halted withdrawals on Tuesday, according to a new report from the Wall Street Journal. And while the SEC’s investigation has reportedly been going “for months,” the agency’s scrutiny has only expanded this week following the liquidity crisis at FTX, which has caused the entire cryptocurrency market to tank. The investigations by the SEC concern FTX’s U.S. exchange, FTX.us, and the coins listed there, according to the Wall Street Journal. The SEC is also looking into whether FTX lending products might be considered securities, which would require the company to register them with the SEC…”

Sorry, comments are closed for this post.