CFTC Charges Samuel Bankman-Fried, FTX Trading Ltd. and Alameda Research LLC with Fraud and Material Misrepresentations

The CFTC filed a civil enforcement action against Samuel Bankman-Fried, FTX Trading Ltd., and Alameda Research LLC, alleging fraud, material misrepresentations, and misuse of customer funds amounting to billions of dollars in the operation of the FTX crypto exchange.