US regulator, the CFTC, met with Sam Bankman-Fried 10 times before FTX collapsed. SBF crypto cryptocurrency
US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed
Behnam told senators that he and a number of high-level CFTC officials met with former FTX CEO Sam Bankman-Fried 10 times over the past 14 months. The meetings were centered around FTX’s application to amend the clearinghouse license for Ledgerx, a CFTC-regulated entity that FTX bought last year. FTX and about 130 affiliated companies filed for bankruptcy on Nov. 11 and Bankman-Fried stepped down as the CEO. Ledgerx was excluded from the bankruptcy filing.My team and I met with Mr.
The CFTC chief emphasized: “My approach to the application given the issues and the strong feelings was that I needed it to be transparent and open with him and FTX … so there were a number of emails and messages back and forth all about the application and the status of the application.”
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