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.
Robert Oppenheimer, father of the atomic bomb, wrongly stripped of security clearance, US says
The Biden administration has reversed a decades-old decision to revoke the security clearance of Robert Oppenheimer, the physicist called the father of the atomic bomb for his leading role in World War II’s Manhattan Project. U.S. Energy Secretary Jennifer Granholm...
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