A former director of two of these Singaporean firms is the co-founder and former chief executive officer of FTX, Samuel Benjamin Bankman-Fried, who faces multiple charges over the FTX scandal, which lost customers billions of dollars.
“As defendants touted and marketed FTX.com as a model digital commodity asset platform, defendants were committing fraud to the detriment of US investors and to the credibility of the digital asset markets,” alleged CFTC Acting Director of Enforcement Gretchen Lowe. “We will work tirelessly to use the full scope of our enforcement authority to hold such fraudsters accountable.”
. Prior to that, he worked for Google in Singapore for nine years and 10 months, where he was the US search engine giant’s director of government programmes, strategy and outreach from January 2020 to July 2021.
Source: News Formal (newsformal.com)
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