“One month in the past FTX, one of many world’s largest cryptocurrency exchanges, collapsed, destroying billions of {dollars} in buyer worth, and for day by day of the previous month, the devoted prosecutors of this workplace and our companions [in the] FBI, [Securities and Exchange Commission] and [Commodity Futures Trading Commission] have been working across the clock to determine what occurred and to start the method of looking for justice,” U.S. Legal professional Damian Williams stated throughout a press convention on Tuesday afternoon. “This morning, we unsealed an eight-count indictment charging Samuel Bankman-Fried, FTX’s founder, with a sequence of interrelated fraud schemes that contributed to FTX’s collapse.”
