Daniel Friedberg, a former FTX chief regulatory officer, has questionable connections.
Daniel Friedberg, the former Chief Regulatory Officer of FTX, has been implicated in a number of scandals that have rocked the poker and cryptocurrency businesses. During his two years at the once-$32 billion crypto company, Friedberg had a variety of positions, including that of Alameda Research’s legal counsel. The sibling trading company has been accused of abusing deposits from FTX customers worth billions of dollars.
Poker scandal online
Friedberg was also involved in the infamous online poker incident, which involved cheating people out of $50 million. He worked as an executive for the Canadian software business Excapsa, whose Ultimate Bet poker platform was found to have been a part of the cheating scam. The business claimed that certain gamers had a “unfair edge” that allowed them to view the cards of their rivals. According to reports, Friedberg was overheard discussing hiding the cheating plot.
Giving to a disputed politician
Friedberg sent money to the campaign of New York Republican George Santos, who is suspected of stealing thousands of dollars from the GoFundMe account of a homeless veteran. Friedberg said that he had no prior knowledge of Santos’ notoriety and had merely contributed to his campaign on the advice of a friend.
Participation in Alleged Wrongdoings at FTX
A class action complaint claims that Friedberg was “instrumental in perpetrating [FTX’s] criminal acts, in part by helping to cover up any indicators that the FTX scam was unraveling” and that he is currently collaborating with US authorities over the alleged wrongdoings of FTX.