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New Revelation: US Prosecutors Were Looking Into FTX Long Before Exchange Collapsed

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The unexpected collapse of major crypto exchange FTX has drawn significant attention in the media but recently revealed documents suggest that Sam Bankman-Fried’s company was on the radar of federal prosecutors long before FTX filed for bankruptcy.

The US Attorney’s Office for the Southern District of New York, led by U.S. attorney Damian Williams, devoted several months to an examination of crypto exchanges that maintain U.S.

and foreign-based branches. As part of these proceedings, Manhattan prosecutors had started to look into FTX’s massive exchange operations, persons familiar with the investigation told Bloomberg.

The probe, which was reportedly initiated months before the exchange’s collapse, indicates that FTX’s operations were viewed with suspicion by some American prosecutors.

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