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Was the FTX Collapse Failed Business or Fraud?

As we pick through the pieces the question arises, was the FTX collapse failed business or fraud? Bad bookkeeping and overleveraging are one thing but fraud and illegal dealings are another. https://youtu.be/e-t5DIXSzwI

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WAS THE FTX COLLAPSE FAILED
BUSINESS OR FRAUD?
By: www.ProfitableInvestingTips.com
https://profitableinvestingtips.com/profitable-
investing-tips/was-ftx-collapse-failed-business-
or-fraud
Many crypto investors have been licking their
wounds this year of the crypto winter.The
number of wounded and the severity of the
damage in the crypto realm just got worse with
the collapse of FTX, one of the largest and,
supposedly, healthiest crypto exchanges.
https://profitableinvestingtips.com/profitable-
investing-tips/was-ftx-collapse-failed-business-
or-fraud
As FTX has filed for chapter 11 bankruptcy
protection a lot of information has come out and
it is not flattering for Sam Bankman-Fried’s
business that went from billions to nothing in
about a week. As we pick through the pieces the
question arises, was the FTX collapse failed
business or fraud? Bad bookkeeping and
overleveraging are one thing but fraud and
illegal dealings are another.
https://profitableinvestingtips.com/profitable-
investing-tips/was-ftx-collapse-failed-business-
or-fraud
FTX in the Sights of Prosecutors Prior to
Financial Collapse
https://profitableinvestingtips.com/profitable-
investing-tips/was-ftx-collapse-failed-business-
or-fraud
It has now come out, according to Bloomberg, that
the US Attorney’s Office for the Southern
District of NewYork was already investigating
FTX as well as several other crypto exchanges
months before the company went bankrupt.The
Bank SecrecyAct requires all financial
institutions to manage their businesses in such a
way as to prevent financing of terrorism and
money laundering.
https://profitableinvestingtips.com/profitable-
investing-tips/was-ftx-collapse-failed-business-
or-fraud
This includes crypto operations who claim not to
serve US customers but who really do. Crypto
businesses that have run afoul of this law include
Bittrex which did not devote sufficient staff
and effort to keeping track of who was using
their services,Tornado Cash who willfully helped
bad actors with Bitcoin mixing services, and
now, perhaps, FTX.
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Was the FTX Collapse Failed Business or Fraud?