US agency investigating crypto firms for misconduct

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WASHINGTON : A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for 'possible misconduct.'The Federal Trade Commission spokesperson declined to name the firms or say precisely what actions prompted the investigat

WASHINGTON : A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for"possible misconduct."

"While we can't comment on current events in the crypto markets or the details of any ongoing investigations, we are investigating several firms for possible misconduct concerning digital assets," the spokesperson said in a statement. The spectacular implosion of FTX recently sent fresh shock waves through the cryptocurrency industry, with the value of bitcoin down sharply this year.

 

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