Dec 8 (Reuters) – FTX’s new chief govt officer and attorneys this week met with Justice Division officers because the investigation into the crypto agency’s collapse continues, a supply aware of the assembly mentioned.
FTX Buying and selling’s new CEO John J. Ray III and attorneys for the crypto agency met in individual with prosecutors from the Manhattan U.S. lawyer’s workplace, which has been main a probe into the agency’s sudden collapse, the supply mentioned. Bloomberg Information first reported the assembly.
A Justice Division spokesperson declined to remark.
Final month, FTX filed for U.S. chapter safety and its founder Sam Bankman-Fried resigned as chief govt, after rival trade Binance walked away from a proposed acquisition. Ray, who was tapped to supervise the agency’s restructuring, has mentioned the corporate is working with regulation enforcement and regulators.
FTX is cooperating with the federal government’s investigations and will have additional conferences with prosecutors, mentioned the supply, who declined to be named because the assembly and the investigation usually are not public.
The implosion of FTX has rippled throughout the business, hobbling liquidity at corporations with publicity to what was as soon as one of many world’s largest crypto exchanges, and prompting investigations by regulators in a number of international locations.
Spokespeople for FTX and Sullivan and Cromwell LLP, the agency representing FTX, didn’t reply instantly to Reuters’ requests for remark.
Reporting by Chris Prentice and in New York, Manya Saini in Bengaluru and Luc Cohen in New York; Modifying by Sherry Jacob-Phillips, Shounak Dasgupta and Daniel Wallis
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