Ethereum World News
2022-12-14 17:24:23

CFTC: Alameda Used FTX Customer Funds To Stave Off Insolvency In May/June 2022

Summary: Alameda Research also had unlimited access to customer accounts among other special privileges at the FTX crypto exchange. The CFTC’s complaint against Sam Bankman-Fried cited insider information, chat logs, and internal conversations as evidence for its lawsuit. Charges were also filed by the U.S. Department of Justice and the SEC. The U.S. Commodity Futures Trading Commission (CFTC) said that Alameda Research, Sam Bankman-Fried’s trading behemoth, was insolvent as of May/June 2022 despite allegedly using customer funds to finance debts

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