The US Department of Justice claimed that Sam Bankman-Fried approached foreign regulators to bail out FTX.
Sam Bankman-Fried (SBF), one of the most popular crypto actors of recent times, spends a lot of time on litigation processes. Questioned as the number one suspect with FTX’s bankruptcy, SBF is held responsible for the suffering of millions of investors. In the chain of cases that have been scrutinized for months, a new claim has been brought forward by the US Department of Justice.
Flirting Between Sam Bankman-Fried and Foreign Regulators
The US Department of Justice has alleged that Sam Bankman-Fried tried to transfer his assets in FTX to foreign regulators. The ministry also attributed the SBF’s efforts to delay bankruptcy proceedings in the USA to this.
According to federal prosecutors, the SBF thought that foreign regulators would take a moderate approach and could eventually take back control of FTX. The news made by the Wall Street Journal also put the SBF’s initial evasion on the table.
Allegedly, SBF sought to transfer all assets in FTX to foreign regulators, postponing the U.S. trial. In this way, the United States would not be able to access these assets and the trial would not take place.
These allegations stem from FTX co-founder Gary Wang working with federal prosecutors.
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