Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, has been accused by the U.S. Securities and Exchange Commission (SEC) of misleading investors of his network. Sam Bankman-Fried Accusation by US SEC According to the documents published on Tuesday, Bankman-Fried inappropriately utilized client cash to bail out the apparently independent trading subsidiary Alameda Research and to pay for both his personal expenses and political contributions. Gary Gensler, the chairman of the Securities and Exchange Commission, stated in a statement that the exchange claimed that Sam Bankman-Fried erected a house of cards on a foundation of lies while promising The post Sam Bankman-Fried Accused by US SEC of Scamming FTX Investors appeared first on Cryptoknowmics-Crypto News and Media Platform .
