TechFlow news — U.S. regulators are investigating whether FTX mishandled customer funds, according to two individuals not authorized to speak publicly about the matter. The SEC's review began several months ago as part of an investigation into FTX US and its cryptocurrency lending activities.
Two sources familiar with the matter said that in recent days, regulators have requested detailed information regarding the ownership structures of FTX US and FTX.com. Regulators are interested in any overlap between management and board structures, as well as the financial relationships between the two entities. One of the individuals said authorities have also asked for details on whether customer accounts were properly segregated and on the composition of FTX.com’s investor base.
Representatives of the U.S. Securities and Exchange Commission and Binance declined to comment. The CFTC, FTX, and FTX US did not immediately respond to requests for comment.Original link
