U.S. Authorities Continue To Investigate FTX Collapse

According to Reuters, prosecutors with the Department of Justice’s Southern District of New York have opened an investigation into the collapse of the cryptocurrency exchange FTX.

After a failed rescue attempt with rival exchange Binance, FTX’s demise followed, and it is now under investigation by the Manhattan attorney’s office for its handling of customer funds and its involvement in cryptocurrency lending.

As Coincu reported, the Financial Crimes Investigation Branch of the Bahamas announced a criminal investigation against the exchange over the weekend.

FTX is still holding a salary of customer assets, many authorities have also spoken out about this shocking incident. Even the US White House has commented on the collapse of the Sam Bankman-Fried empire.

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