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FTX Investors Sue Bankman-Fried Over Yield-Bearing Crypto Accounts (Report)
1min
November 16, 2022
2 min

Table Of Contents

01
要約
02
本文翻訳
03
引用リンク
FTX Investors Sue Bankman-Fried Over Yield-Bearing Crypto Accounts (Report)

要約

FTX investors have sued the company’sBankman-Fried for illegally offeringyield-bearing crypto accounts at the now insolvent exchange. Now that the exchange has failed to honor withdrawals, investors claim to have sustained$11 billion in damages. The lawsuit also seeks damages from numerous celebrities who were involved with promoting FTX, such as Tennis Star Naomi Osaka and NFL quarterback TomBrady. Manyhigh-profile athletes and teams have been rushing to cut ties with the firm over the pastweek, including the Golden State Warriors. SEC Chairman Gary Gensler has expressed suspicion over the unusually high yields such crypto accounts frequently offer.“How does somebody offer (such a large percentage of returns) in the market today and not give a lot of disclosure?” he asked at the RFK Human Rights Compass Summer Investors Conference in June. The SEC and CFTC are reportedly investigating FTX for suspected embezzlement of $10 billion in client assets to SBF’s trading company Alameda Research. Bankman-Fried is now seeking billions from investors to help plug an$8 billion hole in its balance sheet.


本文翻訳

FTX investors have sued the company’s ex-CEO Sam Bankman-Fried for illegally offering yield-bearing crypto accounts at the now insolvent exchange. The lawsuit, filed in Miami on Tuesday, alleges that FTX’s crypto-yield-bearing accounts were unregistered securities illegally sold in the U.S, according to Reuters. Now that the exchange has failed to honor withdrawals, investors claim to have sustained $11 billion in damages. The lawsuit also seeks damages from numerous celebrities who were involved with promoting FTX, such as Tennis Star Naomi Osaka and NFL quarterback Tom Brady. Many high-profile athletes and teams have been rushing to cut ties with the firm over the past week, including the Golden State Warriors. Multiple crypto lenders have been targeted by state securities regulators this year for offering unregistered crypto yield products, including Nexo. The Securities and Exchange Commission (SEC) stopped Coinbase from listing a similar product in September 2021. SEC Chairman Gary Gensler has expressed suspicion over the unusually high yields such crypto accounts frequently offer. “How does somebody offer (such a large percentage of returns) in the market today and not give a lot of disclosure?” he asked at the RFK Human Rights Compass Summer Investors Conference in June. The SEC and CFTC are reportedly investigating FTX for suspected embezzlement of $10 billion in client assets to SBF’s trading company Alameda Research. Bankman-Fried is now seeking billions from investors to help plug an $8 billion hole in its balance sheet. Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits. You Might Also Like:


引用リンク

出典:https://cryptopotato.com/ftx-investors-sue-bankman-fried-over-yield-bearing-crypto-accounts-report/


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