HomeNewsWorldFTX investors squeezed for information on company and Sam Bankman-Fried
Trending Topics

FTX investors squeezed for information on company and Sam Bankman-Fried

The US Attorney’s Office for the Southern District of New York recently sent out a slew of requests, asking recipients to voluntarily hand over information on a list of FTX employees and associates, according to people familiar with the case.

December 02, 2022 / 07:23 IST
Story continues below Advertisement
FTX
FTX

US authorities are asking crypto investors and trading firms that worked closely with FTX to hand over information on the company and its key figures, including founder Sam Bankman-Fried and the former head of his Alameda Research investment arm, Caroline Ellison.

The US Attorney’s Office for the Southern District of New York recently sent out a slew of requests, asking recipients to voluntarily hand over information on a list of FTX employees and associates, according to people familiar with the case.

Story continues below Advertisement

Recipients include firms that frequently traded on FTX and may have had conversations with platform executives or hold other information that might help the criminal investigation, the people said. Such requests are often used to start tapping into potential sources of information held by witnesses, investors or customers without seeking grand jury subpoenas.

Attorneys from the US Securities and Exchange Commission’s enforcement division, which is running a parallel civil probe into the exchange-operator’s collapse, sent similar requests for information to companies that invested in or traded on the crypto platform, people familiar with those inquiries said.