Global investigators pounce as FTX collapse leaves up to 1 million creditors

Global investigators pounce as FTX collapse leaves up to 1 million creditors

a year ago
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https://arstechnica.com/tech-policy/2022/11/global-investigators-pounce-as-ftx-collapse-leaves-up-to-1-million-creditors/

The collapse of Sam Bankman-Fried’s crypto empire has sparked a vast global investigation, with dozens of authorities circling the company as lawyers warn there could be 1 million creditors in its bankruptcy proceeding.

FTX said in court filings it was in contact with US federal prosecutors, the Securities and Exchange Commission, the Commodity Futures Trading Commission, and “dozens of federal, state, and international regulatory agencies” in the three days since the cryptocurrency exchange and more than 100 affiliated companies filed for Chapter 11 bankruptcy in Delaware.