Lawmakers are calling for FTX executives to be held accountable in the harshest way possible.
“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics employed by Mr. Bankman-Fried and other FTX executives to enrich themselves,” said the letter.
“We urge the Department to center these ‘flesh-and-blood victims’ as it investigates, and, if it deems necessary, prosecute the individuals responsible for their harm.”It’s unclear if the Justice Department intends to launch an investigation into FTX, but global financial regulators and lawmakers have taken action following the exchange’s collapse.
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