SEC charges former FTX CEO with defrauding crypto investors

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SEC charges former FTX CEO with defrauding crypto investors
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BREAKING: SEC charges former FTX CEO Samuel Bankman-Fried with defrauding investors in his cryptocurrency platform.

FILE - The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday, Dec. 12.

An SEC complaint filed Tuesday alleges that Sam Bankman-Fried raised more than $1.8 billion from equity investors since May 2019 by promoting FTX as a safe, responsible platform for trading crypto assets.

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