The SEC and CFTC have started to explore FTX’s relationship with its US arm and Alameda Research, Bloomberg has reported citing sources.
According to other people familiar with the matter, the US Department of Justice is also looking into the platform’s activities.
The regulators are interested in the extent to which the business operations of FTX and Alameda Research involved the funds of the exchange’s clients, the composition of the investor base and the degree of account segregation.
The ownership structure of legal entities, their financial relations, as well as the intersection of the management and the board of directors in terms of personalities are also being investigated.
