SEC Chair Gary Gensler's Close Links With Alameda Research Exec

While Sam Bankman-Fried could likely face prosecutor action over usage of customer funds, it appears SEC chair Gary Gensler is closely linked to a top executive at Alameda Research. This comes after the fallout of Sam Bankman-Fried’s crypto empire involving crypto exchange FTX and Alameda Research. Earlier, reports suggested that prosecutors could look into transfer of customer funds between the two entities. Meanwhile, the FTX Token (FTT) is up 25.70% in the last 24 hours, in first signs of slight recovery after the bankruptcy announcement.