(Bloomberg) -- The top US derivatives regulator is planning to sue FTX Co-Founder Sam Bankman-Fried for fraud, according to a person familiar with the matter.
The Commodity Futures Trading Commission will bring a case against Bankman-Fried, FTX and Alameda Research, said the person who asked not to be named discussing the plans.
The CFTC's case would add to the significant legal troubles already facing Bankman-Fried. The Securities and Exchange Commission on Tuesday accused him of carrying out a multi-year scheme to defraud investors. He's also facing US criminal charges and was arrested Monday in the Bahamas.
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