Manhattan District Attorney’s Office probes FTX collapse: Report

Manhattan District Attorney’s Office probes FTX collapse: Report

Prosecutors at the US Attorney’s Office in the Manhattan borough of New York have reportedly begun investigating the crash of the crypto exchange FTX. According to a Reuters report on November 14, a source with knowledge of the investigation said New York authorities were investigating the collapse of the major crypto exchange after FTX filed for bankruptcy on November 11. The report followed news that the California Department of Treasury Protection and Innovation announced that it would investigate FTX’s “apparent default.”

The ongoing saga with FTX could reflect the regulatory and legal ramifications of a major crypto exchange collapse. Rumours have been circulating in the media and on social media platforms about the company and former CEO Sam Bankman-Fried.

So, the collapse of FTX and SBF was either — checks-notes — the inevitable result of a speculative bubble run by idiot tech kids in the 1920s — or an elaborate global money laundering operation run by — – checks – Notes – Joe Biden.

FTX’s co-founder was “under supervision” in the Bahamas, where many of FTX’s employees were based. On November 10, the nation’s securities authority likewise placed a freeze on FTX’s assets., and the exchange was reportedly under investigation for criminal misconduct at its bank man-fried, aka SBF, which lost its billionaire status after the controversy, with many reports citing the former suggested FTX CEO’s net worth may have fallen by more than 90%. SBF has apologized more than once on Twitter, saying it “should have done better” by offering transparency about the situation.

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