FTX fraud suits offer blueprint for pursuing offshore crypto exchanges

wsj

3 min read . Updated: 14 Dec 2022, 04:41 PM IST DAVE MICHAELS, The Wall Street Journal

FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed FTX logo in this illustration taken November 10, 2022. (PC-REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)

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FTX was one of the largest overseas crypto exchanges, based on a Caribbean island with a friendly regulatory regime, and arguably beyond the reach of U.S. rules that govern how trading firms deal with investors and consumers.