The new management of Sam Bankman-Fried-led cryptocurrency exchange FTX is taking every precaution to ensure a thorough investigation into the collapse. FTX is said to have hired highly experienced ex-officials from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These men have served in the enforcement team and fraud and cybercrime units at the authorities. At the crux of the investigation are the “missing or stolen assets” that may have been lost when FTX experienced the run on its customer deposits. In addition, the team will look into wrongdoing, if any, committed by leader Bankman-Fried and his associates that led to FTX’s collapse.
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