According to the anonymous informant, DOJ officials met with FTX’s court-appointed monitors to discuss the scope of the information needed for further investigation.
While many crypto fraudsters have previously slipped through the cracks, FTX CEO Sam Bankman-Fried is not one of them (SBF). Parallel to the ongoing investigation into FTX frauds, the US Department of Justice (DOJ) is reportedly investigating a potential fraud involving SBF siphoning funds offshore just days before FTX declared bankruptcy.
According to Bloomberg, the federal investigation will look into SBF’s role in improperly transferring FTX funds to the Bahamas after the defunct cryptocurrency exchange filed for bankruptcy on November 11.
According to the anonymous informant, DOJ officials met with FTX‘s court-appointed overseers to discuss the scope of the information needed for further investigation. The DOJ also intends to look into whether SBF illegally transferred FTX funds to Alameda Research.
Given SBF’s ties to US politics, the fraudster has yet to be charged and continues to participate in Twitter discussions from an undisclosed location. SBF accused Binance CEO Changpeng ‘CZ’ Zhao of lying and backing out of a deal that could save FTX on December 9.
According to CZ, SBF was “unhinged” when the exchange pulled out, prompting the former FTX CEO to respond online.
According to the Financial Times, a failed $100 million deal allowed pop star Taylor Swift to walk away from FTX with no ties.
Taylor was in talks with FTX about a sponsorship deal, which would have made her one of the faces of the failed cryptocurrency exchanges. While the musician initially declined to sign the contract due to the high cost, FTX’s bankruptcy effectively ended the discussion.
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