FTX founder Sam Bankman-Fried may face US probe for market manipulation

FTX founder Sam Bankman-Fried may face US probe for market manipulation

FILE PHOTO: FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS/File Photo

US federal prosecutors are investigating whether FTX‘s founder Sam BankmanFried manipulated the market for two cryptocurrencies this May that led to their collapse and resulted in the implosion of his own cryptocurrency exchange, the New York Times reported on Wednesday.