In charging Caroline Ellison + Gary Wang in FTX scandal, SEC classifies FTT token as securities – major development for cryptocurrencies and NFTs

SEC points to as signs FTT are securities Excerpts from SEC Complaint against Caroline Ellison and Gary Wang Why should NFT utility projects be nervous? **Nothing on this website is legal advice.

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Download PDF SEC complaint v. Sam Bankman-Fried; and SDNY criminal indictment

On Dec. 12, 2022, the disgraced founder of FTX Sam Bankman-Fried was arrested in the Bahamas and is awaiting extradition. Both the U.S. government and the SEC are charging Bankman-Fried with violations of U.S. laws, including securities and wire fraud. The SEC press release is copied below: SEC Charges Samuel Bankman-Fried with Defrauding Investors in…

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