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Collapsed crypto exchange FTX said in a court filing that it was in contact with financial regulators, and had appointed five new independent directors at each of its main companies, including Alameda research.

FTX also confirmed that it had responded to a cyber attack on Nov. 11, after saying on Saturday it had seen “unauthorized transactions on its platform.

The implosion of FTX, once a darling of the crypto industry with a $32 billion valuation as of January, has spurred investigations by the US Justice Department, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), a source with knowledge of the investigations told Reuters.

In a court filing on late Monday, FTX said it has been in contact with the US Attorney’s Office, SEC, CFTC, and dozens of federal, state and international regulatory agencies over the past 72 hours.

FTX has appointed five independent directors to ensure proper corporate governance during its bankruptcy, lawyers for the company said in the filing. Former US District Court Judge Joseph Farnan and Matthew Doheny will oversee FTX Trading.

Mitchell Sonkin was appointed as a director at West Realm Shires, Matthew Rosenberg at Alameda Research and Rishi Jain at Clifton Bay Investments, according to the filing.

** Binance CEO says crypto industry needs clarity of regulations** Reuters Published No

FTX filed for bankruptcy protection on Friday in one of the highest-profile crypto blowups after frenzied traders withdrew $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a rescue deal.

Comments

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SAMIR SARDANA Nov 16, 2022 01:53am
AS I SAID ON "https://www.brecorder.com/news/40107604, AT UL 16, 2021 10:34PM "COULD IT BE THAT THE US & EU ARE USING BTC TO TRAP INVESTORS,INFLATE THE BALLOON & THEN BLOW IT UP ? THAT WILL WIPE OUT THE SPECULATIVE LIQUIDITY IN THE ECONOMIES - & THE WEST CAN DO A FALSE FLAG - LINK THE MONEY TO CRYPTOS - & THEN USE THAT TO BLOW IT UP !" NOW THE US IS BLOWING IT UP ! ONE BY ONE - US WILL BLOW UP ALL - & BLOW UP THE SPECULATIVE LIQUIDITY WHICH WAS 1ST DIRECTED TO CRYPTO ! TARGET - USUAL! - RUSSIAN TRADE IN CRYPTO/IRAN-DPRK TRADE IN CRYPTO DESTROY THE FORENSIC TRAIL OF ALL"DONATIONS" TO UKRAINE & DEMOCRATS & PONZY/ MONEY LAUNDERING SCHEMES BLOW UP ALL THE DRUG /HUMAN TRAFFICKING BLOW UP ALL THE PEOPLE WHO HOLD CRYPTOS,AS RESERVE BUT THAT WILL LEAVE THE BLOCK CHAIN INTACT & THEN THE US WILL INTRODUCE THE DIGI-USD,OF THE US FED ! IN THE RIDE DOWN TO CRYPTO HELL,SOME INSIDERS, WILL MAKE BILLIONS - & THAT IS WHY CRYPTO FUTURES WERE STARTED.dindooohindoo
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