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The US Justice Department joins the SEC in its investigation of FTX

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US Jutice of Department to investigate FTX exchange

The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are collaborating to investigate FTX’s subsidiary in the United States.

The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are collaborating to investigate FTX’s U.S. subsidiary, according to Bitcoin Magazine, citing Bloomberg.

Multiple regulators have expressed concern about FTX, which is now facing possible bankruptcy.

According to the newspaper, the SEC is in close contact with the DoJ as its months-long investigation into whether assets on FTX.us may be considered securities continues.

If the SEC rules that the assets in question are securities, FTX may have violated US exchange laws.

Regulators are also looking into FTX.us’s relationship with its Caribbean parent company, as well as the nature of its ties to trading firm Alameda Research.

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