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Bitcoin $92,493.38 -5.09%
Ethereum $3,323.08 -4.16%
BNB $620.12 -6.46%
Optimism $2.15 -3.84%
Arbitrum $0.86 -4.94%
Solana $227.84 -8.70%
Polygon $0.52 -12.25%
Cosmos $7.78 -9.38%
Avalanche $41.57 -6.71%

CFTC Reveals Alameda Had “Speed” Advantage On FTX

The US Commodity Futures Trading Commission asserts that Sam Bankman-trading Fried’s firm Alameda Research had a covert speed advantage when processing orders on his now-defunct FTX cryptocurrency exchange.

According to the CFTC, Alameda was able to bypass certain portions of the system and gain faster access. Even though institutional customers’ orders were still routed through the FTX system. Transaction orders were thus received several milliseconds quicker than those of other institutional clients.

Related News:

Bahamian Securities Regulator Slams New FTX CEO Over ‘Misstatements’

SEC Charges FTX CEO SBF for Defrauding Investors a Day After His Arrest

FTX Token Slumps Into Abyss As Sam Bankman-Fried Gets Arrested

FTX's Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation

US Government Files Charges Against Sam Bankman-Fried

Sam Bankman-Fried arrested in the Bahamas, expected to be extradited to U.S.

What Media Has Sam Bankman-Fried Invested in Other Than The Block? Here Is a List

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CFTC FTX Alameda

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