The US Department of Justice is investigating the CEO of FTX for transferring funds from the United States

While many cryptocurrency scammers have managed to escape justice in the past, the same wouldn’t be true for Sam Bankman-Fried (SBF), CEO of FTX Corporation.

In parallel with the ongoing FTX fraud investigation, the US Department of Justice (DOJ) is reportedly investigating possible fraud involving SBF in offshore money transfers. Just days before FTX filed for bankruptcy.

According to a report before bloombergFederal investigation aims to look into SBF’s involvement in FTX’s improper transfer of funds to the Bahamas, collapsed exchange filing bankruptcy petition On November 11th.

The anonymous whistleblower also revealed that DOJ officials will meet with court-appointed supervisors at FTX to discuss the extent of information required for further investigation. The Department of Justice also intends to investigate whether SBF has it Illegal transfer of FTX funds to Alameda Research.

Due to SBF’s strong ties with American PolicyHe has not yet been charged with any crimes and continues to participate in Twitter discussions from undisclosed locations. On December 9, the SBF charged Binance CEO Changpeng “CZ” Zhao that he lied and backed out of a deal that could have saved FTX at the last minute.

The duel between the executives, CZ and SBF. Source: Twitter

According to CZ, the SBF was “dismayed” at pulling out of the deal, a statement that sparked a response online from the former FTX CEO.

Also, according to the Financial Times, a botched $100 million deal allowed pop star Taylor Swift to walk away with nothing to do with FTX.

Taylor was in discussions with FTX about an endorsement deal, which would have made her one of the faces of the crashing stock exchange. At first, the musician refrained from signing the agreement, but the bankruptcy of FTX closed the discussion once and for all.

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