FTX Bankruptcy Team Said to Meet With Federal Prosecutors in NY – Bloomberg

John J. Ray III, who was appointed FTX’s chief executive officer last month, met this week with the US attorney’s office for the Southern District of New York. Though details of the meeting weren’t immediately available, it suggests potential overlap between the criminal investigation and bankruptcy probe, which has unearthed FTX’s chaotic corporate governance under founder and former CEO Sam Bankman-Fried. Ray’s team has also raised concerns about the commingling of digital assets between FTX and sister trading house Alameda Research.

Lawyers for FTX from Sullivan & Cromwell, including former Securities and Exchange Commission enforcement director Steve Peikin and former Manhattan federal prosecutor Nicole Friedlander, were also present at the meeting, the people said.

Source: FTX Bankruptcy Team Said to Meet With Federal Prosecutors in NY – Bloomberg