Most of FTX's Legal and Compliance Team Quit: Report

Semafor, a news organization in which FTX's Sam Bankman-Fried invested, cites people familiar with the matter.

AccessTimeIconNov 9, 2022 at 5:31 p.m. UTC
Updated May 9, 2023 at 4:02 a.m. UTC

The majority of FTX's legal and compliance team quit Tuesday, Semafor reported, citing people familiar with the matter.

That could create a headache as the cryptocurrency exchange deals with a liquidity crisis and potential regulatory scrutiny.

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  • The Semafor story notes that FTX's Sam Bankman-Fried is an investor in the news organization.

    A representative for FTX declined to comment.

    Cheyenne Ligon contributed reporting.

    UPDATE (19:43 UTC): Adds note that FTX declined to comment on the reports.

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    Nick Baker

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