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The Guardian - AU
The Guardian - AU
National
Josh Taylor

Australian regulator had FTX under surveillance at time of collapse, documents reveal

FTX ASIC Australia United States Australian Guardian Australia Crypto FTX Australia Sam Bankman-Fried Cryptocurrency
A photo illustration of an FTX logo on a smartphone with stock market percentages in the background
Australian Securities and Investments Commission emails reveal staff held concerns about how FTX would operate in Australia. Photograph: Omar Marques/Sopa Images/Rex/Shutterstock

Australian regulators were concerned about failed cryptocurrency platform FTX’s local operations six months before the company’s spectacular collapse, and were actively surveilling the company, documents obtained by Guardian Australia reveal.

FTX put its Australian companies into voluntary administration in November following its bankruptcy filing in the US. Around 30,000 Australian customers were owed money or cryptocurrency from the exchange, in amounts ranging up to $1m.

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