US DOJ reportedly investigating FTX CEO for siphoning funds out of the US

While galore crypto fraudsters were capable to gaffe done the cracks successful the past, the aforesaid does not clasp for FTX CEO Sam Bankman-Fried (SBF). Running parallel to the ongoing scrutiny related to FTX frauds, the United States Department of Justice (DOJ) is reportedly investigating a imaginable fraud that involves SBF siphoning funds offshore conscionable days earlier FTX filed for bankruptcy.

According to a Bloomberg report, the national probe aims to analyse SBF’s engagement successful improperly transferring FTX funds to the Bahamas arsenic the defunct crypto speech filed for bankruptcy connected Nov. 11.

The anonymous informant further revealed that DOJ officials met with FTX’s court-appointed overseers to sermon the scope of the accusation they request for further investigation. DOJ besides plans to analyse whether SBF unlawfully transferred FTX funds to Alameda Research.

Given SBF’s beardown connections to US politics, the fraudster has not yet been charged with immoderate crimes and continues to enactment successful Twitter discussions from undisclosed locations. On Dec. 9, SBF accused Binance CEO Changpeng ‘CZ’ Zhao of lying and backing retired past infinitesimal from a woody that could prevention FTX.

The duel betwixt the CEOs, CZ and SBF. Source: Twitter

According to CZ, SBF was “unhinged” astatine the speech pulling retired — a assertion that prompted an online effect from the erstwhile FTX CEO.

Related: FTX reportedly gets 3 much months to halt each operations successful Japan

According to Financial Times, a failed $100-million woody allowed popular prima Taylor Swift to locomotion distant without immoderate transportation with FTX.

Taylor was successful treatment with FTX for a sponsorship deal, which would person made her 1 of the faces representing the failed crypto exchanges. While the instrumentalist initially refrained from signing the woody arsenic it was expensive, FTX’s bankruptcy unopen down the treatment permanently.