The Commodity Futures Trading Commission (CFTC) has secured 60 days of additional time to negotiate a resolution of its case against FTX co-owner.
FTX filed for bankruptcy in November 2022, and SBF was arrested in the Bahamas in December 2022 and extradited to the US for trial.
The DOJ has confirmed that Samuel Bankman-Fried was convicted of wire fraud conspiracy, wire fraud, and conspiracy to commit money laundering.
The DOJ seeks an order authorizing intervention and staying the CFTC proceedings until the conclusion of the parallel criminal case.
The CFTC charges Sam Bankman-Fried, FTX Trading and Alameda with fraud and material misrepresentations.
Samuel Bankman-Fried allegedly concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research.
Officers of the Financial Crimes Investigation Unit (FCIU), arrested Bankman-Fried shortly after 6:00 p.m. on December 12, 2022.
Texan regulator pushes for an order directing former FTX CEO Sam Bankman- Fried to stop engaging in fraud in Texas.
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