[ad_1]
There’s extra information of current investigations and prices involving individuals within the cryptocurrency world. The FTX cryptocurrency trade lately collapsed. Its CEO, Sam Bankman-Fried, has been arrested within the Bahamas and charged by U.S. authorities with fraud. Celeb endorsers of the trade like Tom Brady and Steph Curry are getting caught up within the scandal as regulators have introduced investigations into whether or not they violated securities legal guidelines.
The Federal Commerce Fee lately introduced that the FTX saga isn’t the one crypto investigation. It introduced that it has launched an investigation in opposition to “a number of unnamed crypto corporations” relating to alleged “misleading or deceptive crypto promoting.”
This subject (and the continued issues FTX, its CEO, and movie star endorsers are going through) exhibits once more that the cryptocurrency world isn’t the wild west and that rules, whether or not they be Know-Your-Buyer guidelines, securities rules, legal guidelines relating to fraud or deceptive promoting, or different guidelines, are being utilized by regulators, typically even with prison prices.
[ad_2]
Source link
