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FTX Bankruptcy Hearing: New Leadership Cooperating With Us Law Enforcement and Regulators

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The current corporate leadership of FTX and its associated companies are cooperating with investigators for the U.S. government and regulators, a lawyer representing the troubled firm said in an inaugural bankruptcy hearing today.

“We are also in constant communication with the U.S. Department of Justice,” including the Southern District of New York’s Cyber Crimes Unit, and “in communication constantly with the SEC and CFTC,” said Jason Bromley, a partner at Sullivan and Cromwell and co-counsel representing the company in the U.S. New FTX CEO John Ray III and the rest of the exchange’s new leadership are coordinating with “the U.S. government and the various regulators around the world who have taken a very keen interest in this situation,” Bromley continued.

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