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Crosshairs of Prosecutors …

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https://www.wsj.com/articles/ftx-sam-bankman-fried-sit-in-the-crosshairs-of-u-s-prosecutors-11668398012

The crypto exchange’s collapse most likely exposed the business and its creator to prospective criminal liability

FTX’s overseas status and its determination to keep American traders off its Bahamas-based exchange in big part protected the business from stringent U.S. laws that govern trading and how financial investments can be offered to the general public.

But FTX’s implosion recently and reports that it utilized consumer funds to back an affiliate’s dangerous endeavor financial investments have actually exposed the business and its creator to possible criminal liability, according to lawyers who focus on white-collar criminal law.

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