U.S. regulators reportedly talking with Binance over failed FTX bail out

The U.S. Department of Justice (DoJ) has requested information from the Binance cryptocurrency exchange regarding its failed bailout negotiations with the cash-strapped FTX exchange. report According to Coindesk on Friday, citing an anonymous source.

See related articles: US Regulators DoJ, SEC, CFTC Investigate Crypto Platform FTX

quick facts

• Besides the DoJ, U.S. financial regulators have also requested information from Binance executives about their knowledge of FTX operations, the report states.

• binance pulled FTX.com, which offers cryptocurrency trading to non-U.S. residents, may be bailed out after reviewing its finances. comment Regarding possible mishandling of client funds and “issues beyond our control or ability to assist.”

• Bloomberg and The Wall Street Journal also reported, citing unnamed sources, that the Justice Department, Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission are investigating FTX.com.

• FTX US Attorney Ryne Miller, another FTX.com sister exchange for US residents, instructed employees: keep According to Coindesk’s report, all emails, messages, notes, and documents from work at FTX, FTX US, and related crypto broker Alameda Research.

See related articles: California Financial Regulators Launch Investigation into FTX