SEC’s Gary Gensler Has Close Links With Alameda Research Exec

While Sam Bankman-Fried could likely face prosecutor action over usage of customer funds, it appears SEC chair Gary Gensler is closely linked to a top executive at Alameda Research. This comes after the fallout of Sam Bankman-Fried’s crypto empire involving crypto exchange FTX and Alameda Research. Earlier, reports suggested that prosecutors could look into transfer of customer funds between the two entities. Meanwhile, the FTX Token (FTT) is up 25.70% in the last 24 hours, in first signs of slight recovery after the bankruptcy announcement.

Gary Gensler’s Links With Alameda Research CEO

Amid all the chaos that erupted in the crypto market over the last two weeks, there is a close connection between the FTX founder and SEC chair Gary Gensler.

As of writing, FTT price stands at $1.86, which is more than 90% down compared with last week, according to price tracking platform CoinMarketCap.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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