The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients.
Recall that the platform (considered among the giants in its field) crashed in November, causing multi-billion losses and shaking the entire market to its core.
As reported by Reuters, the American financial regulator sought information from several firms regarding their due diligence policies before investing in FTX.
The SEC’s inquiry aims to determine the investors’ incentive to choose the crypto platform and whether they followed any strategies at all.
The examination does not mean those companies are targets of the investigation against FTX and its former CEO – Sam Bankman-Fried (SBF).
However, it could indicate that investment funds and venture capital firms exposed to the exchange could become a subject of regulatory scrutiny despite being viewed as victims of the alleged scam.
US authorities pre
We współpracy z: https://cryptopotato.com/sec-investigates-whether-ftx-investors-followed-due-diligence-procedures-report/
