The U.S. Department of Justice issued a vague statement on Wednesday that it would “announce major international crypto enforcement actions,” while the U.S. Treasury Department also said it would issue its own statement.
“The US Treasury Department will also announce actions in this area,” the statement said.
U.S. officials from each agency will speak in Washington, D.C. around 12:00 p.m., according to a statement.
It’s unclear what the DOJ and Treasury Department mean by “enforcement action,” but the announcement comes after former FTX cryptocurrency exchange CEO Sam Bankman-Fried has been charged with wire fraud, securities fraud, and conspiracy. It was done when
Long considered one of the largest cryptocurrency exchanges alongside Binance, his company declared bankruptcy after using and losing customer funds as investment funds. Investigators believe FTX lost about $8 billion worth of customer money before declaring bankruptcy.