SEC warns FTX: reserves the right to question the legitimacy of FTX's repayment claims and whether it has made any profit from them

The U.S. Securities and Exchange Commission warned FTX in a recent filing that it reserves the legal right to question FTX's repayment claims process or whether FTX is trying to make money from its "crypto asset securities" reserves. The SEC filing also noted that the repayment plan failed to specify who would distribute stablecoins if the terms were approved. It is reported that FTX's current plan is to repay creditors in cash or stablecoins pegged to the U.S. dollar. (The Block)