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DOJ seeks to stay CFTC action against former FTX CEO Samuel Bankman-Fried

The DOJ seeks an order authorizing intervention and staying the CFTC proceedings until the conclusion of the parallel criminal case.

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.