The collapse of the FTX exchange had shaken the entire crypto space which bought the entire crypto market on a bear run. However, the investigation into the FTX and its founder Sam Bankman-Fried is still ongoing and every day there is something new to hear.
The latest is the concern raised by the US House Committee on Financial Services Republicans regarding the investigation. Chairman McHenry’s letter asserts that FTX has the power to know about the SEC’s activities in the case. This relates to the timing of the charges being laid and the arrest of SBF.
Therefore, now, pursuant to the claim, the SEC has requested to file all records and communication materials related to the case of FTX and Sam Bankman-Fried. These documents are from November 2022 when the FTX stakes were made public.
Just a day ago, on February 9, the US judge granted a bonus to the efforts of the founder of the FTX exchange, Sam Bankman-Fried, to contact employees. The first temporary contact ban was passed on February 1 after an issue of evidence tampering was raised by lawyers.
It was December 12, 2022 that authorities in the Bahamas arrested Sam Bankman-Fried and it 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 pullback that is dragging the entire crypto market down. As of this writing, Bitcoin is selling at $21,703 with a 3.37% decline in the last 24 hours.