The FTC is investigating crypto firms for possible misconduct following FTX collapse

The Federal Trade Commission is investigating multiple crypto companies over allegations of deceptive conduct, as first reported by Bloomberg on Monday.

“While we can’t comment on current events in the crypto markets or the details of any ongoing investigations, we are investigating several firms for possible misconduct concerning digital assets,” an FTC spokesperson said in a statement to The Verge Tuesday. “We cannot comment on the nature of the investigations.”

On top of several civil suits, the FTC is just the latest US agency to probe the crypto industry following the sudden implosion of popular trading exchange FTX last month. The Justice Department, Securities and Exchange Commission, the Commodities Future Trading Commission, and...

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