October 18, 2022

FTX, Sam Bankman-Fried Under Investigation by Texas Regulators

FTX, FTX US and Sam Bankman-Fried are under investigation by Texas regulators

Cryptocurrency exchange FTX, its U.S. subsidiary FTX US, and the company's CEO Sam Bankman-Fried are under investigation by Texas regulators for potential securities violations.

Regulators will investigate whether the revenue products offered by the company should be considered unregistered securities.

"The Enforcement Division is now investigating FTX Trading, FTX US, and their principals, including Sam Bankman-Fried," wrote Joseph Jason Rotunda, director of enforcement for the Texas State Securities Board.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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