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US Regulator CFTC Met With Sam Bankman-Fried 10 Times Before Crypto Exchange FTX Collapsed

The chairman of the Commodity Futures Trading Commission (CFTC) has revealed that he and his team met with Sam Bankman-Fried and other FTX executives 10 times before the crypto exchange filed for bankruptcy. The regulator sees the FTX collapse as “a classic run based on liquidity crunch.”

The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, shared details of his agency’s meetings with executives of collapsed crypto exchange FTX before the Senate Committee on Agriculture, Nutrition, and Forestry on Thursday.

Behnam told senators that he and a number of high-level CFTC officials met with former FTX CEO Sam Bankman-Fried (SBF) 10 times over the past 14 months. The meetings were centered around FTX’s application to amend the clearinghouse license for Ledgerx, a CFTC-regulated entity that FTX bought last year. 

CFTC Sam Bankman-Fried FTX
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