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DOJ and SEC Investigating FTX Collapse as Entire Crypto Market Plunges

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Bitcoin has fallen to a two-year low of $17,000, just one year after hitting an all-time high of $69,000.

. The SEC is also looking into whether FTX lending products might be considered securities, which would require the company to register them with the SEC.

, only to back out after seeing the books, it’s no surprise that SBF, as he’s often called, may want to lay low for a while.These lightsabers powered by Neopixels, LED strips that run inside the blade shape that allow for adjustable colors, interactive sounds, and changing animation effects when dueling.FTX has reportedly been trying to get a bailout from Wall Street firms to the tune of about $1 billion, though it has come up empty handed thus far.

. Regulators had asked for financial information from major shareholders, including Zhao, but the Binance CEO apparently didn’t want to hand over the documents.As a result of Zhao’s stonewalling, Bankman-Fried bought out Zhao for about $2 billion which included a lot of FTT token, according to Reuters. Zhao’s decision to start selling about $580 million of the coin this week, which he announced publicly on Twitter, is when shit hit the fan for FTX.

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