The collapse of Sam Bankman-Fried’s cryptocurrency empire has sparked a vast global investigation, with dozens of authorities from around the world circling the company as it faces more than 100,000 creditors in bankruptcy proceedings.
FTX said in court filings it was in contact with US federal prosecutors, the Securities and Exchange Commission and “dozens of federal, state and international regulatory agencies” in the three days since the cryptocurrency exchange and more than 100 affiliated companies filed for Chapter 11 bankruptcy in Delaware.
The companies face at least 100,000 creditors, but that number could expand to more than 1mn, according to the filing.
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