US Justice Department , Seeks Probe Into , FTX Fraud Allegations.<br />Authorities in the United States are reportedly <br />pushing for an independent examiner to <br />investigate fraud allegations against FTX. .<br />Authorities in the United States are reportedly <br />pushing for an independent examiner to <br />investigate fraud allegations against FTX. .<br />Business Insider reports that a court filing submitted <br />by the Justice Department calls for a probe into <br />alleged wrongdoing that led to the company's crash.<br />Business Insider reports that a court filing submitted <br />by the Justice Department calls for a probe into <br />alleged wrongdoing that led to the company's crash.<br />An examiner could – and should – <br />investigate the substantial and serious <br />allegations of fraud, dishonesty, <br />incompetence, misconduct <br />and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.<br />An examiner could – and should – <br />investigate the substantial and serious <br />allegations of fraud, dishonesty, <br />incompetence, misconduct <br />and mismanagement by the Debtors, Justice Department, court filing, via Business Insider.<br />This is especially true where, as here, <br />there are colorable claims that certain <br />of the Debtors misappropriated <br />$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.<br />This is especially true where, as here, <br />there are colorable claims that certain <br />of the Debtors misappropriated <br />$10 billion of their customers' assets, Justice Department, court filing, via Business Insider.<br />According to various reports and filings, FTX was <br />funneling customer funds into Alameda Research, <br />the crypto-trading arm of Bankman-Fried's empire.<br />According to various reports and filings, FTX was <br />funneling customer funds into Alameda Research, <br />the crypto-trading arm of Bankman-Fried's empire.<br />The same filings and reports showed that <br />$300 million of customer funds were also used <br />to purchase luxury homes in the Bahamas. .<br />Business Insider reports that <br />$2 billion of customer funds<br />are still unaccounted for.<br />Bankman-Fried has denied <br />allegations of fraud, claiming that he was <br />unaware of what was occurring at his companies.<br />Bankman-Fried has denied <br />allegations of fraud, claiming that he was <br />unaware of what was occurring at his companies.<br />I didn't ever try to commit fraud <br />on anyone. I was shocked by <br />what happened this month, Sam Bankman-Fried, 'New York Times' DealBook <br />summit statement, via Business Insider.<br />Business Insider reports that the collapse of FTX <br />has sent waves through the crypto market, sparking <br />concerns that further turmoil will rattle the industry.
