Two foreign senators announced their call on the Ministry of Justice to bear the massive collapse of FTX, the crypto trading center that collapsed earlier this month.

Senators Elizabeth Warren and Sheldon Whitehouse indicated in their letters to Attorney General Merrick Garland and Nurse Attorney General Kenneth Polite, Jr. that FTX executives should meet all requirements of laws and regulations.

"As the Ministry focuses on the personal responsibility of office workers' perpetrators,
I hope that the Ministry of Justice will conduct more rigorous research on the content that caused the collapse of FTX. "

Although it is unclear what laws and regulations FTX and CEO Sam Bankman Fried violated, and whether such laws and regulations are in foreign jurisdictions, senators stipulated that the Department of Justice should file a lawsuit.

"Along with the development trend of these problems, this new fact will undoubtedly further reveal how Bankman Fried and his colleagues' cheating behaviors hurt FTX users and users of all infected enterprises, and it is likely to reveal that the problems in the encryption industry far exceed FTX.17 People urged the unit to put these" ordinary and extraordinary victims "at the core of the research, if they think it is necessary, The person who brings a lawsuit and is responsible for the damage. "

Senator Warren still published the column content in the Wall Street Journal on Tuesday, strictly implementing her opinion of criticizing the encryption industry. According to the Missouri senator, cryptocurrency is no different from criminals and charlatans promoting other plans.

"Advocates show that cryptocurrency has great market prospects in improving the efficiency of the financial system and inclusive growth. Maybe so. But we have heard such stories before. In history, there are many financial industry programs driven by criminals and charlatans. They claim that the new and best special tools have far exceeded the need for control or the police. In fact, during the 2008 financial storm, this statement is terrible The imagination of. The same is true for cryptocurrencies. "

FTX collapsed earlier this month, because rapid withdrawal showed that the capital chain of the trading center was broken.

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