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.
Nov 9, 2022 at 5:31 p.m. UTCUpdated May 9, 2023 at 4:02 a.m. UTC
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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 is CoinDesk’s deputy editor-in-chief and a Loeb Award winner. His crypto holdings are below CoinDesk's $1,000 disclosure threshold.