the us department of justice is reportedly looking into the ftx fttusd liquidity crisis and the turmoil surrounding the exchange’s founder sam bankmanfried what happened the doj is closely working with the security exchange commission sec to investigate the ftx saga according to a report by bloomberg which cited a person familiar with the matter see more how to use binance smart chain this comes after the overall cryptocurrency market witnessed panic selling as investors fear ftx insolvency binance founder changpeng zhao had a significant part in the process driving down ftxs price by 80 in just 24 hours ftx has faced mounting legal problems in washington as a result of bankmanfrieds other crypto concerns the sec and the commodity futures trading commission are investigating whether ftx mishandled customer funds and are looking into the firms connections to other parts of the cryptocurrency industry however the initiation of inquiries does not imply that anyone will be accused of wrongdoing price action ftt is trading at 235 down 60 in the last 24 hours according to data from benzinga pro read next binance tops up 1 billion safu fund to protect user assets