Democratic Sens. Elizabeth Warren and Sheldon Whitehouse have asked the Justice Department not to pull any punches as it investigates and seeks to hold accountable the executives at FTX who contributed to the crypto company's demise.
FTX's customers face potentially steep losses after former CEO Sam Bankman-Fried's empire spiraled into bankruptcy earlier this month. An attorney representing the firm told a judge Tuesday that a "
"As this situation unfolds, new facts will undoubtedly shed more light on how Bankman-Fried and his associates' deception has harmed FTX's customers, and customers of any company that was exposed to the contagion — and may reveal that the problems with the crypto industry extend well beyond FTX," the senators wrote in
"We urge the Department to center these 'flesh-and-blood victims' as it investigates, and, if it deems necessary, prosecute the individuals responsible for their harm," they said.
Lawmakers in both the House and Senate, including Warren, have opened their own probes into FTX's collapse. A number of key committees are also
Warren and Democratic Sen. Dick Durbin previously sent
"One thing is clear: the public is owed a complete and transparent accounting of the business practices and financial activities leading up to and following FTX's collapse and the loss of billions of dollars of customer funds," they wrote in that letter, which specified a deadline of Nov. 28 to comply with the request for information.
