Concerns Raised About SEC’s FTX Probe, Will SEC File The Required Document ?
The US House Committee has asked the SEC to provide all the documents related to FTX case
Meanwhile, the US judge extends SBF’s bail restrictions
The collapse of FTX exchange had shaken the whole crypto space which bought the entire crypto market on a bearish ride. However, the investigation over the FTX and its founder Sam Bankman-Fried is still on and everyday there is something new to hear.
The latest one happens to be the concern raised by the US House Committee on Financial Services Republicans regarding the investigation. The letter from the Chairman McHenry claims that FTX holds authority to know SEC’s activities in the case. This comes in terms of timings of the charges made and SBF’s arrest.
SEC To File FTX Case Related Documents ?
Hence, now as per the claim SEC has asked to file all the records and communication documents that are related to FTX and Sam Bankman-Fried’s case. These documents date from November 2022 when the FTX issues were made public.
Just a day ago, on Feb 9, the US judge extended a bon on FTX exchange founder Sam Bankman-Fried’s efforts to contact employees. The first temporary ban on the contact was passed on Feb 1 after an issue of tampering with the evidence was raised by attorneys.
It was on December 12, 2022 that the Bahamas authorities took custody of Sam Bankman-Fried and this was just a day before the FTX hearing.
On the other hand, the world’s first cryptocurrency Bitcoin is still struggling with the current bearish pull back bringing down the entire crypto market. At the time of writing, Bitcoin is selling at $21,703 with a drop of 3.37% over the last 24hrs.