March 01, 2023 BY Steffy Bogdanova
CFTC and SEC file fraud charges against FTX co-owner Nishad Singh
According to the court filings, between May 2019 and November 2022, FTX’s customer assets were not separated from the company’s as represented to the customers. Furthermore, they were “routinely held by FTX’s sister digital asset trading company, Alameda” and misappropriated for “luxury real estate purchases, political contributions, and high-risk, liquid digital asset industry investments.” The…
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