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Senator Warren Demands Sam Bankman-Fried, FTX Execs Be Held Accountable to 'Fullest Extent of the Law’

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Two Democratic Senators penned a letter to the Department of Justice (DOJ) on Wednesday urging Attorney General Merrick Garland to investigate the “disturbing allegations of fraud and illicit behavior that led to the collapse of [FTX]” – and demanding that the company’s executives be held accountable “to the fullest extent of the law.”

In the letter, Sens. Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) reminded Garland and Assistant Attorney General Kenneth Polite of the DOJ’s recently renewed commitment to prosecuting white-collar criminals, and asked that they honor that commitment when investigating the behavior of former FTX CEO Sam Bankman-Fried and other executives “with the utmost scrutiny.”

Warren, a long-time critic of the crypto industry, has closely monitored the collapse of the Bahamas-based FTX, as well as the ripple effects that collapse has had across the wider industry.

(by Cheyenne LIgon)

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