SEC examines whether FTX investors have followed DUE diligence procedures (report)

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Von Krypto News Österreich

The US Securities and Exchange Commission has reportedly asked some FTX investors whether they properly researched the cryptocurrency exchange before they became their customers.

remember that the platform (which is considered one of the giants in your field) collapsed in November, caused losses in billions and shook the entire market to the mark.

  • As reported by Reuters, the American financial supervisory authority has obtained information from several companies with regard to their DUE diligence guidelines before investing in FTX.
  • The examination of the SEC aims to determine the investors' incentive to choose the crypto platform and whether they have pursued any strategies at all.
  • The investigation does not mean that these companies are the goals of the investigation against FTX and its former CEO-Sam Bankman-Fried (SBF). However, it could indicate that investment funds and risk capital companies that are involved in the stock exchange could become the subject of an official examination, even though they are regarded as the victim of the alleged fraud.
  • The US authorities previously obtained information from FTX investors regarding their dialogue with the bosses of the company.
  • The downfall of the trading center is one of the darkest events in the history of crypto. The company, which once had a value of $ 32 billion, had serious liquidity problems in November and did not comply with the payment applications from customers.
  • It applied for insolvency protection, while his former CEO-SBF-was arrested and brought to the Fox Hill prison on the Bahamas.
  • The authorities later pushed him to the USA, where he was released against a record gland of $ 250 million. He currently lives in his parents' house and has to constantly wear a surveillance device.
  • recently not guilty of the allegations of knowingly cheating investors by billions of dollars. His hearing is scheduled for October 2nd.

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