{"id":70915,"date":"2022-12-02T17:50:28","date_gmt":"2022-12-02T15:50:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70915"},"modified":"2025-09-08T04:58:50","modified_gmt":"2025-09-08T01:58:50","slug":"u-s-doj-urged-to-examine-potential-fraud-in-ftx-case","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/u-s-doj-urged-to-examine-potential-fraud-in-ftx-case\/","title":{"rendered":"U.S. DOJ urged to examine potential fraud in FTX case"},"content":{"rendered":"<p>The U.S. Department of Justice<a href=\\\"https:\/\/restructuring.ra.kroll.com\/FTX\/Home-DownloadPDF?id1=MTM1Mzg3OA==&#038;id2=-1\\\"> proposed<\/a> to the examining<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\"> bankruptcy of FTX<\/a> court to appoint an independent expert to investigate potential violations that could have led to the collapse of the Bitcoin exchange.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;The specialist may and should examine serious allegations of fraud, dishonesty, incompetence, improper acts and mismanagement,\\&#8221;<\/em> the statement said.<\/p>\n<\/blockquote>\n<p>There are serious grounds to believe that the actions of Sam Bankman-Fried&#8217;s team led to \\&#8221;the fastest major corporate collapse in American history,\\&#8221; said Andrew R. Vara, a Justice Department trustee.<\/p>\n<p>The official stressed that an expert examination is preferable to an investigation.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;The first point can be disclosed, which is particularly important given the broader consequences that the collapse of FTX could have for the industry,\\&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/us-regulators-investigations-into-ftx-come-to-light\">Separate investigations<\/a> into the activities of the Bitcoin exchange and affiliated companies are being conducted by the <span data-descr=\\\"U.S. Commodity Futures Trading Commission\\\" class=\\\"old_tooltip\\\">CFTC<\/span>, <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> and the U.S. DOJ, according to Bloomberg.<\/p>\n<p>In November, the Bahamas&#8217; senator, attorney general and minister for legal affairs Ryan Pinder <a href=\"https:\/\/u1f987.com\/en\/news\/bahamas-attorney-general-responds-to-criticism-in-ftx-case\">assured<\/a> that the circumstances of FTX&#8217;s collapse would be examined.<\/p>\n<p>Fortune lawyers previously stated that the U.S. DOJ <a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-on-prospects-of-criminal-charges-against-the-ftx-chief\">has all that is necessary to bring criminal charges<\/a> against Bankman-Fried and other executives of the bankrupt exchange.<\/p>\n<p>In a note, the new FTX CEO John Ray<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-ceo-accuses-former-leadership-of-favouring-alameda-research\">accused<\/a> his predecessor and his team of concealing the illicit use of client funds and of secretly exempting Alameda Research from certain aspects of the platform&#8217;s auto-liquidation protocol.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\u201d\\\\\" target=\\\"\u201c_blank\u201d\\\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Justice proposed to the bankruptcy court overseeing FTX to appoint an independent expert to investigate potential violations that could have led to the collapse of the Bitcoin exchange.<\/p>\n","protected":false},"author":1,"featured_media":70916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1236,36],"class_list":["post-70915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-ftx","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70915"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70915\/revisions"}],"predecessor-version":[{"id":70917,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70915\/revisions\/70917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70916"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}