According to reports, the US Department of Justice is looking into the FTX CEO’s withdrawal of funds from the country.
The unnamed whistleblower disclosed that DOJ representatives spoke with her court-appointed FTX supervisor about the volume of data required for additional investigation.
The reaction of the former CEO
The CEO of the former famous crypto trader was unable to say that Sam Bankman-Fried (SBF) had previously managed to evade detection, despite the fact that many cryptocurrency scammers have in the past.
The U.S. government’s ongoing inquiries into the FTX fraud are being conducted in parallel.
Days prior to FTX’s bankruptcy, the state department of law regulation was told that looking into a fraud that SBF may have stolen money from.
As for the recent news release, Bloomberg, the state’s research goal is to determine whether SBF was involved in the erroneous transfer of FTX finance to the Bahama Islands when it declared bankruptcy on November 1.
Also disclosed by the anonymous whistleblower was a meeting between DOJ representatives and FTX’s court-scheduled supervisor to discourse the range of info required for additional research.
The Department of Jurisdiction likewise intends to look into any unauthorized transfers of SBF’s FTX funds to Alameda Research.
The media overview of the situation
The scammer continues to participate in Twitter discussions from an unidentified location despite not having been charged because of the SBF’s close ties to US politics.
SBF charged Binance Chief executive officer CZ on December 9 with untruthful actions and abandoning a last-minute trading agreement that might have saved the crypto trader.
According to the Binance CEO, Sam Bankman-Fried was “upset” when the trading platform withdrew its funds. This statement promoted a media reaction from the previous CEO of FTX.
The pop star Taylor Swift is considered to have made some investments in the FTX’s funds, as stated in the recent report from several prominent crypt-related news reporters and newspapers, after a failed one-hundred-million-dollars deal.
Inquiries about a sponsorship deal between Taylor and FTX were ongoing. She now serves as one of the prominent representations of abandoned cryptocurrency traders.
Due to financial constraints, the music creator immediately refused to make the agreement. However, FTX’s failure put an end to that.