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.