Sam Bankman-Fried Charged With Defrauding FTX Customers And Investors: SEC

Summary: The FTX founder stands accused of diverting customers from the crypto exchange FTX to his trading firm Alameda Research. Sam Bankman-Fried also allegedly defrauded equity investors from around May 2019 till November 2022. The SEC announced charges against SBF hours after Bahamian authorities arrested the fallen FTX founder and Southern District of New York prosecutors filed criminal charges. The U.S. Securities and Exchange Commission charged FTX founder Sam Bankman-Fried with defrauding equity investors and customers of the bankruptcy cryptocurrency