SEC Opens Investigation of Cryptocurrency Companies Following Collapse

According to the The Wall Street Journal, the SEC has opened an inquiry into the FTX platform, in addition to looking into Coinbase Global and Binance.

Following its abrupt collapse this week, the Securities and Exchange Commission (SEC) and Justice Department (DOJ) are looking into crypto exchange FTX, according to a person with knowledge of the situation.

Staff members from the two law enforcement agencies were in close contact on Wednesday, the source continued. While the SEC enforces civil investor protection rules, the Justice Department prosecutes criminal offenses, including fraud.

Read the source article at u.today