FTX’s Bankman-Fried in sights of fraud investigation over Bahamas money

FTX (FTT-USD) founder Sam Bankman-Fried is in the crosshairs of a fraud situation from U.S. prosecutors about the handling of funds, Bloomberg reported Friday.

Prosecutors are inspecting if hundreds of millions of bucks may have been transferred to the Bahamas just as FTX was filing personal bankruptcy in November, Bloomberg described, citing a human being familiar with the make a difference.

Bankman-Fried claimed before Friday he’s “willing to testify” on December 13 in entrance of the House Monetary Products and services Committee.

“I nonetheless do not have entry to a lot of my details — skilled or particular. So there is a limit to what I will be equipped to say, and I is not going to be as useful as I might like,” Bankman-Fried wrote in a Twitter submit in response to requests from House Financial Services Committee Chairwoman Maxine Waters (D-CA).

Bankman-Fried has not been charged with any crimes and a spokesman for him declined to comment to Bloomberg on the most current report of an investigation into fraud.

On Thursday, the New York Occasions reported that Bankman-Fried was mentioned to be hit with an investigation by federal prosecutors on whether he manipulated the charges of terraUSD (UST-USD) and its sister token luna (LUNC-USD) this May that led to their implosion and finally triggered the downfall of his crypto empire.