A day after authorities arrested disgraced FTX founder Sam Bankman-Fried, prosecutors have a big warning for crypto platforms: Comply with the government, or risk legal action.
The criminal charges against Bankman-Fried were unveiled Tuesday morning by prosecutors in the Southern District of New York. The FTX founder and former CEO was hit with eight counts, including wire fraud, conspiracy to defraud the U.S., and money laundering. Bankman-Fried has also been accused of violating campaign finance laws by making illegal contributions under aliases, and the Justice Department has demanded he forfeit his assets.
