FTX Founder Sam Bankman-Fried Illegally Moved Millions During Bankruptcy

U.S. federal prosecutors investigating the collapse of crypto exchange FTX and its relation with hedge fund Alameda Research are now probing how funds held by the crypto exchange moved out of the U.S. while filing for Chapter 11 bankruptcy. Meanwhile, former FTX CEO Sam Bankman-Fried agrees to testify before the U.S. House Financial Services Committee, but with some conditions.