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Re: #2, as Matt Levine likes to say, everything is securities fraud. All the stuff that FTX did before was probably illegal, but it was in a grey area without a
by __derek__ 4y ago
Re: #2, as Matt Levine likes to say, everything is securities fraud. All the stuff that FTX did before was probably illegal, but it was in a grey area without a particular regulator. Once it became clear that FTX falsely claimed to investors that it had effective risk controls, didn't misuse/steal customer funds, and wasn't operating a giant Ponzi scheme, it moved squarely into the SEC's remit.