CFTC To Sue Sam Bankman-Fried for Fraud

Lawsuits and legal troubles are piling up for the disgraced founder of bankrupt crypto exchange FTX, Sam Bankman-Fried.

A Bloomberg report has it that the U.S derivatives regulator Commodity Futures Trading Commission (CFTC) is planning to sue Bankman-Fried, for fraud.

According to the report, CFTC is bringing a case against Bankman-Fried, FTX, and Alameda Research.

Earlier, reported that the U.S. Securities and Exchange Commission (SEC) filed charges against Bankman-Fried for defrauding FTX investors.

A day earlier, Bankman-Fried was arrested by the Bahamas Police Force at the behest of the U.S.


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