Süre Sam Bankman-Fried could likely face prosecutor action over usage of customer funds, it appears SEC chair Gary Gensler is closely linked to a top executive at Alameda Research. This comes after the fallout of Sam Bankman-Fried’s crypto empire involving crypto exchange FTX and Alameda Research. Earlier, raporları suggested that prosecutors could look into transfer of customer funds between the two entities. Meanwhile, the FTX Token (FTT) is up 25.70% in the last 24 hours, in first signs of slight recovery after the bankruptcy announcement.
Gary Gensler’s Links With Alameda Research CEO
Amid all the chaos that erupted in the crypto market over the last two weeks, there is a close connection between the FTX founder and SEC sandalye Gary Gensler.
As of writing, FTT price stands at $1.86, which is more than 90% down compared with last week, according to price tracking platform CoinMarketCap.
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Source: https://coingape.com/gary-genslers-close-links-with-alameda-research-exec/