# SEC, DOJ Investigating Crypto Platform FTX

By [hishamknight](https://paragraph.com/@kingtot) · 2022-11-10

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The Securities and Exchange Commission and Justice Department are investigating cryptocurrency platform FTX following [its sudden implosion this week](https://www.wsj.com/articles/binance-is-said-to-be-likely-to-walk-away-from-deal-to-buy-ftx-11668020963?mod=article_inline), a person familiar with the matter said.

Staff at the two law-enforcement agencies were in close contact Wednesday, the person added. The Justice Department prosecutes criminal violations such as fraud, while the SEC enforces civil investor-protection laws.

[https://www.wsj.com/articles/sec-investigates-crypto-platform-ftx-11668020379](https://www.wsj.com/articles/sec-investigates-crypto-platform-ftx-11668020379)

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*Originally published on [hishamknight](https://paragraph.com/@kingtot/sec-doj-investigating-crypto-platform-ftx)*