These cases involve the bankrupt exchange FTX, its founder Sam Bankman-Fried, and its subsidiary Alameda Research – FTX users lost a total of $8 billion. Another CFTC case was directed against Binance and related companies, and also the founder of the exchange, Changpeng Zhao. The department also considered the cases of the bankrupt credit company Celsius and its former CEO Alex Mashinsky.
The CFTC said its investigations into all 96 cases resulted in fines totaling more than $4.3 billion. However, the company did not provide a separate report on the 47 digital asset cases.
Let us recall that on November 2, a jury found the co-founder of the FTX cryptocurrency exchange Sam Bankman-Fried guilty of all seven charges of fraud against him. The verdict for the former head of FTX Group will be announced on March 28 next year.
Source: Bits
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