© Reuters. FILE PHOTO: FTX emblem is seen on this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Two prime U.S. monetary regulators are probing whether or not crypto trade FTX.com correctly dealt with prospects’ funds, and its relationship with different elements of Sam Bankman-Fried’s crypto empire, Bloomberg Information reported on Wednesday.
The Securities and Trade Fee and the Commodity Futures Buying and selling Fee are probing FTX.com’s relationship with its American counterpart FTX U.S. and Bankman-Fried’s buying and selling agency Alameda Analysis, the report mentioned.
The report, citing folks accustomed to the matter, comes a day after crypto trade Binance mentioned it might purchase FTX.com.
A CFTC spokesperson declined to remark. The SEC and FTX.com didn’t instantly reply to Reuters’ requests for remark.
