The United States Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried with defrauding FTX customers
This is in addition to the previous string of charges from late last year.
The S.E.C. says Bankman-Fried concealed his diversion of FTX customer funds to crypto trading firm Alameda while raising more than $1.8 billion from investors.
Meanwhile, the current FTX CEO John Ray is looking into the possibility of reviving the business.
Ray has set up a taskforce to explore restarting the exchange, as he believes it could recover more value for customers than the liquid assets or selling off the platform.
