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Former FTX Chief Sam Bankman-Fried Rumored to be Cooperating with Department of Justice on Crypto-Related Investigations

Speculation is rife on Crypto Twitter that former FTX chief Sam Bankman-Fried (SBF) may be cooperating with the Department of Justice (DoJ) on various ongoing and pending crypto-related investigations. This comes after SBF was seen walking near the office of the Southern District New York DoJ, with many suggesting that he may have turned state's evidence.

Attorneys have filed new documents relating to an ongoing case against Bitfinex and Tether, which alleges that the firms purchased bitcoin and other digital commodities with USDT that wasn't fully backed by USD. The name and financial details of a mysterious unknown crypto trader have been redacted from the filings, leading some to speculate that SBF may be the anonymous individual in question.

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