Two former top executives of Sam Bankman-Fried’s collapsed cryptocurrency trading platform, FTX, have pleaded guilty to federal criminal fraud charges and are cooperating with the prosecution of the former FTX CEO.
The U.S. Securities and Exchange Commission (SEC) has said in a complaint that FTX’s exchange token, FTT, was sold as an investment contract and is a “security,” in a move that could have a wide-ranging impact on the cryptocurrency industry.
Social media giant Twitter has added a new feature allowing users to see the price performance of numerous digital assets through the use of so-called “$cashtags” on the platform’s search tab.
Top stories in the Crypto Roundup today:
- Two FTX Execs Plead Guilty to Fraud
- SEC Calls FTX’s FTT Token a Security
- Twitter Adds Crypto Price Indexes to Search Function