Home Feds Connects With Ex-employees of FTX, The Probe Widens

Feds Connects With Ex-employees of FTX, The Probe Widens

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Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research.

Two former FTX employees have been contacted by federal authorities as part of what they believe to be a broader effort to collect information about the inner workings of the failed exchange and hedge fund.

The contact is still at the request for information stage, rather than court-issued subpoenas for records or other information. The employees did not provide details on what information authorities sought.

The outreach is one piece of a broader federal probe into the companies involving the Justice Department, the Securities and Exchange Commission, the Commodity Futures Trading Commission and state regulators.

FTX’s bankruptcy lawyers have also said in court that new CEO John Ray III is cooperating with law enforcement and regulators.

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