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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.**

U.S. Authorities Continue To Investigate FTX Collapse 3

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.

U.S. Authorities Continue To Investigate FTX Collapse 4

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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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.