CFTC files lawsuit against the co-founder of crypto exchange FTX Sam Bankman-Fried

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Sam Bankman-Fried (SBF), FTX Trading LTD., and Alameda Research, around a month after the crypto exchange filed for bankruptcy in November 11. The CFTC alleges that customer deposits in both fiat and crypto were appropriated by Alameda for its own use. The CFTC filed a lawsuit (Case 1:22-cv-10503) on December 13, 2022, against SBF and his companies FTX and Alameda Research. In its filing, the regulator claims that at Bankman-Frieds direction, FTX executives created features in the underlying code for FTX that...

source: https://tokenpost.com/CFTC-files-lawsuit-against-the-co-founder-of-crypto-exchange-FTX-Sam-Bankman-Fried-9845

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