Sam Bankman-Fried is under investigation by the US government

The U.S. Securities and Exchange Commission (SEC) is scrutinizing the actions of Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried that triggered a liquidity crisis at cryptocurrency exchange FTX.com. As the problem went global on Thursday, November 10, the securities regulator of the Bahamas, where FTX.com is based, announced that it was freezing the firm’s assets and appointing a temporary liquidator. Representatives of the SEC and FTX.com declined to comment at this time.

US regulators are investigating FTX’s ties to other Benckman-Fried companies. By the way, the SEC’s inspection began several months ago as an investigation of the FTX US platform, but in light of recent events, it has become more extensive. The SEC emphasized that the inspection does not mean that Bankman-Fried or other FTX employees are necessarily accused of illegal actions.

Just a day after the Binance-prydbaye-kryptobirzhu-ftx/">announcement of the acquisition, cryptocurrency exchange Binance refused to acquire FTX. The company stated that it was unable to solve the problems on the platform. «Initially, we hoped to be able to support FTX users and provide the necessary liquidity. However, the exchange’s problems are beyond our control and we are unable to help,» Binance said in an official statement.

FTX came under pressure after Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao reported on Sunday, November 6, that Binance had decided to completely get rid of the native tokens of the FTX crypto exchange. After that, in the 24 hours following the sale on Binance, the FTX native token fell by 22%, and then by more than 17%.

At the time of writing, the native FTX tokenis up 9.73% and is trading at $ 3.21.