US Prosecutors Opened Probe of FTX Months Before Its Collapse
- Sweeping inquiry examined crypto exchanges with offshore reach
- Manhattan prosecutors recently changed tack as FTX unraveled
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Long before Sam Bankman-Fried’s FTX cryptocurrency empire collapsed this month, it already was on the radar of federal prosecutors in Manhattan.
The US Attorney’s Office for the Southern District of New York, led by Damian Williams, spent several months working on a sweeping examination of crypto currency platforms with US and offshore arms and had started poking into FTX’s massive exchange operations, according to people familiar with the investigation.