The US Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried with “orchestrating a scheme to defraud investors” in the failed cryptocurrency exchange FTX.
The former FTX boss was arrested on Monday.
Mr Bankman-Fried built a “house of cards on a foundation of deception” SEC Chair Gary Gensler said.
He said the alleged fraud was a call for other platforms to comply with US laws.
The SEC charged Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Lebanon fails to elect new president in ninth electoral session
Lebanon's divided parliament failed for the ninth time to elect a successor to former president Michel Aoun, extending the power vacuum ― the country has been without a president and been ruled by a caretaker government with limited powers since May. The parliament...
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