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Former FTX CEO Sam Bankman-Fried Under Investigation for Siphoning Funds Out of the US

Katie Lin

Summary: 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 ...

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 “CZZhao 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

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