The United States Department of Justice (DOJ) is investigating former FTX CEO Sam Bankman-Fried for potentially siphoning funds to the Bahamas just days before FTX’s bankruptcy.

DOJ is also investigating whether Bankman-Fried unlawfully transferred funds to Alameda Research.

Bankman-Fried has yet to be charged with any crimes and continues to be active on Twitter. On Dec. 9, he was involved in a bicker on the platform with Binance CEO Changpeng “CZ” Zhao over Binance's exit from FTX in 2021. Bankman-Fried accused Binance for pulling out of a deal that could have saved FTX in 2021. CZ responded that Bankman-Fried had acted hostile towards Binance members after the exchange announced its decision to withdraw.

Author: Katie Lin