Crypto trading firms are scrambling to prevent mass withdrawals after it emerged the collapse of Sam Bankman-Fried’s FTX platform is under investigation by attorneys in Manhattan.The Manhattan U.S. attorney's office is looking at whether FTX misused client funds by lending billions of dollars to a separate trading firm .A probe puts the FTX founder, whose fortune has been decimated by the crisis, under threat of charges including wire fraud.
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