The Wall Street Journal: FTX may be exempt from U.S. legal sanctions

ChainCatcher news, according to the Wall Street Journal, FTX's offshore status may protect the company from U.S. legal sanctions. The Manhattan U.S. Attorney's Office is investigating the FTX bankruptcy case, but one challenge facing prosecutors is whether they have jurisdiction over FTX, which is located in the Bahamas.

Lawyers warn that if all actions occurred overseas and had no direct connection to the U.S., American law enforcement agencies might not have strong jurisdictional claims. However, SBF has traveled to the U.S., including meetings with U.S. lawmakers and regulators, and FTX US is also part of the bankruptcy filing submitted by FTX last Friday.

As of now, a spokesperson for the Manhattan U.S. Attorney's Office has declined to comment on the matter, and FTX spokespersons and FTX US General Counsel Ryne Miller have not responded to requests for comment. (Source link)