US prosecutors, setting the stage for a potential fraud case against Sam Bankman-Fried and others involved in the collapse of cryptocurrency giant FTX, are examining how funds held by the exchange operator moved out of US as it plunged toward bankruptcy, according to a report. person familiar with the matter.
Prosecutors are closely examining whether hundreds of millions of dollars were improperly transferred to the Bahamas at the time of FTX's Nov. 11 bankruptcy filing in Delaware, said the person, who asked not to be named without authorization to discuss the case. publicly.
