US Justice Department, regulators contacted Binance on FTX talks: Source

2022/11/10 23:31

According to Coindesk, U.S. authorities including the Department of Justice have contacted crypto exchange Binance for information about its recent interactions with FTX in the two companies’ talks about a potential rescue, according to a person briefed on the situation. Binance has heard from U.S. financial regulators, the person said, in addition to regulators in Europe, requesting insight into what Binance executives learned this week about FTX’s internal workings. Binance’s due-diligence crew quickly discovered murky conflicts with FTX’s relationship with Alameda Research, the trading company also founded by FTX CEO Sam Bankman-Fried, the person said. And FTX customer funds seemed to have been used for business purposes, according to the person.

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