SBF Tried to Transfer Assets to Regain Control of FTX

SBF Tried to Transfer Assets to Regain Control of FTX

According to the Wall Street Journal, the Justice Department said in a filing that SBF tried to delay the U.S. bankruptcy proceedings last November so he could transfer FTX's assets to foreign regulators.

Federal prosecutors say SBF hoped foreign regulators would be lenient with him so he could regain control of FTX. But while he was trying to transfer those assets, FTX's lawyers said they wanted to make sure they were used in the bankruptcy.

Source

SBF

FTX

Policy and Regulation

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