The only thing moving faster than this year's crypto collapse is its aftermath.
Authorities, courts and lawmakers — who for years largely observed the industry's rapid growth from the sidelines — are now elbowing each other out of the way to get involved as confidence in the industry crumbles, and new shoes drop.with eight counts of fraud, conspiracy, campaign finance violations and money laundering.
Only a day earlier, the FTX founder was readying for a remote appearance before the House Financial Services Committee.He was arrested by Bahamian authorities late Monday at the request of the U.S. Government. But that caught another part of the U.S. Government completely by surprise. "My staff and I have been working diligently for the past month to secure Mr. Bankman-Fried’s testimony before our Committee tomorrow morning," committee chairwoman Maxine Waters
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SEC charges FTX CEO SBF for defrauding investors a day after his arrestThe legal troubles continue to mount for SBF as SEC filed charges against the former CEO as promised, just a day after his arrest.
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