Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. After FTX launched in 2019 and following the release of the exchange token FTT, FTX and Alameda faced a lawsuit filed on November 2, 2019, that accused the companies and executives of engaging in racketeering practices and crypto market manipulation.
2019 Lawsuit Accused FTX and Alameda Execs of Breaking Racketeering Laws and ‘Aiding and Abetting Price Manipulation’
FTX, Alameda Research, Sam Bankman-Fried (SBF), and the firm’s associated executives have been in the spotlight for two weeks after Alameda Research’s balance sheet was leaked and Binance’s CEO Changpeng Zhao (CZ) mentioned Binance was dumping all of its FTT tokens. Now FT
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