: FTX working with former regulators to investigate its collapse: report

FTX, the collapsed crypto exchange formerly led by Sam Bankman Fried, has hired ex-regulators from the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, according to a lawyer representing FTX in its first hearing in Delaware bankruptcy court on Tuesday, The Wall Street Journal reported. The firm has hired Steven Peikin, who served as co-director of the SEC enforcement division from 2017 to 2020, and James McDonald, who served the same years as the director of enforcement at CFTC, the report said. FTX also hired Nicole Friedlander, who was previously chief of complex frauds and cybercrime at the U.S attorney’s office for the Southern District of New York, and is currently a partner at Sullivan & Cromwell.

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