Ever since the FTX bankruptcy case, new facts about the erstwhile second-largest cryptocurrency exchange emerge almost every day. Recently, an email reportedly revealed that the former FTX CEO Sam Bankman-Fried (SBF)has deep ties with current and former US regulators.
As per an email, SBF hired the Commodities Futures Trading Commission’s (CFTC) former regulators in the legal team representing FTX. As per LA Times, Ryne Miller, FTX’s general counsel was legal advisor to current SEC chairman Gary Gensler.
The current director at LedgerX and FTX’s former head of policy Mark Wetjen previously served as the acting chairman and a commissioner at the CFTC. Another former CFTC commissioner Jill Sommers worked on the FTX US Derivatives Board of Directors.
Sam Bankman-Fried cultivated extensive ties to regulators at one of the agencies leading his prosecution. @freddy_brewster has the emails. https://t.co/fr0iEFXZ2H
— Jeff Bercovici (@jeffbercovici) December 26, 2022
FTX was valued
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