The disgraced co-founder of digital-asset exchange FTX was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse.
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SEC Division of Enforcement Director Gurbir Grewal and other officials from the Attorney’s Offices for the Southern and Eastern Districts of New York and FBI spoke on SEC and DOJ enforcement. Director Grewal stated his mission is to restore public trust in the securities markets.