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FTX’s Sam Bankman-Fried Faces SEC Probe as His Empire Crumbles

  • SEC investigates whether he violated securities rules
  •, FTX US and Alameda Research under regulatory scrutiny
Bloomberg business news
The Rise and Fall of Bankman-Fried's FTX

Sam Bankman-Fried is being investigated by the US Securities and Exchange Commission for potential violations of securities rules as the regulator deepens its probe into his crumbling FTX crypto empire, according to a person familiar with the matter.

FTX, the American platform FTX US, and Bankman-Fried’s trading house Alameda Research are already under investigation by the SEC, Bloomberg News reported Wednesday. The Justice Department is also looking into the situation.