Cryptocurrency exchange FTX, its FTX US division, and founder and CEO Sam Bankman-Fried are being investigated by Texas regulators over potential securities violations, according to a state filing.
Regulators are probing whether yield-bearing accounts offered by FTX US should be considered unregistered securities, as described in a filing related to the bankruptcy proceedings of Voyager Digital. FTX recently won the bid to acquire the assets of the firm.
“The Enforcement Division is now investigating FTX Trading, FTX US, and their principals, including Sam Bankman-Fried,” wrote Joseph Jason Rotunda, director of enforcement for the Texas State Securities Board.
This story is developing and will be updated.
Stay on top of crypto news, get daily updates in your inbox.