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CFTC Charges SBF, FTX Trading and Alameda With Fraud and Material Misrepresentations

The Commodity Futures Trading Commission (CFTC), the United States derivatives market regulator, on Tuesday charged Sam Bankman-Fried, the Founder and former CEO of bankrupt cryptocurrency exchange, FTX, with “fraud and material misrepresentations in connection with the sale of digital commodities in interstate commerce.”

ENFORCEMENT NEWS: Today, the CFTC charged Sam Bankman-Fried, FTX Trading and Alameda with fraud and material misrepresentations. Get the details: https://t.co/gxQ5hsNes1

— CFTC (@CFTC) December 13, 2022

The derivatives watchdog also included FTX Trading Limited, operator of FTX.com, and Alameda Research LLC, FTX’s corporate sibling and quantitative trading firm, in the charges. The charges were filed before the US District Court for the Southern District of New York, CFTC said in a statement published on Tuesday.

SBF FTX Alameda CFTC
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