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Published 1 year ago

DOJ watchdog seeks independent review of FTX bankruptcy

Summary by Ground News
The U.S. Department of Justice's bankruptcy watchdog on Thursday called for an independent investigation into the collapse of crypto exchange FTX. FTX filed for bankruptcy in November after a week in which a possible merger with rival crypto exchange Binance failed. Founder Sam Bankman-Fried was faced with allegations he had funneled customer deposits to FTX's affiliated trading firm Alameda Research.

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