The Texas State Securities Board sought to delay FTX from purchasing assets from failed crypto lender Voyager Digital in October, citing concerns that FTX may have violated Texas securities and money transmitter laws and an ongoing investigation into the matter. 

Today the regulator formally accused the Bankman-Fried, the former head of the company, of multiple violations stemming from FTX corporate activity in the state, as well as, "intentionally failed to disclose material facts," requested by the regulator. 

Multiple congressional committees have scheduled FTX-focused hearings, and the firm's leadership has said it is cooperating with investigations by the Justice Department and Securities and Exchange Commission.