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Sam Bankman-Fried is accused of fraud by the US Securities Watchdog for the FTX collapse.

Sam Bankman-Fried (SBF), the infamous co-founder of FTX, has allegedly been accused by the U.S. Securities and Exchange Commission (SEC) for misleading investors, according to a statement released on December 13, 2022. According to SEC Chairman Gary Gensler, SBF “constructed a house of cards on a foundation of lies” according to the American financial regulator.

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