Craig Barrett
FTX (FTT-USD) founder Sam Bankman-Fried is under the radar of a scam from US prosecutors over the handling of funds, Bloomberg reported on Friday.
Prosecutors are examining whether hundreds of millions of dollars may have been transferred to the Bahamas as soon as FTX filed for bankruptcy in November, Bloomberg reported, citing a person familiar with the matter.
Bankman-Fried said earlier on Friday, he “ready to testify” on December 13 before the House Financial Services Committee.
“I still don’t have access to much of my data – professional or personal. So there’s a limit to what I can say and I won’t be as helpful as I would like,” Bankman-Fried said. wrote in a Twitter post in response to a request from House Financial Services Committee Chair Maxine Waters (D-CA).
Bankman-Fried has not been charged with any crime and his spokesman declined to comment to Bloomberg on the latest report of a fraud investigation.
On Thursday, the New York Times reported that Bankman-Fried is said to be strike with an investigation by federal prosecutors on whether he manipulated the price of terraUSD (UST-USD) and its sister token luna (LUNC-USD) this May led to their demise and ultimately caused the downfall of his crypto empire.
