Cripto exchange execs meet Manhattan prosecutors

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Cripto exchange execs meet Manhattan prosecutors

Reuters reported on Thursday that the new chief executive officer and bankruptcy lawyers met Manhattan federal prosecutors who were investigating the collapse of the criptocurrency exchange.

FTX lawyers from Sullivan Cromwell, including former Securities and Exchange Commission enforcement director Steve Peikin and former Manhattan federal prosecutor Nicole Friedlander, were also present, according to the report.

FTX filed for U.S. bankruptcy protection and its founder Sam Bankman- Fried resigned as chief executive last month after rival exchange Binance walked away from a proposed acquisition.

The implosion of FTX has resulted in investigations by regulators in several countries, and has resulted in a lot of liquidity at firms with exposure to one of the world's biggest cripto exchanges.