The US government may have seen another possible component of Sam Bankman Fried's digital currency kingdom.

U. According to the New York Times, the United States federal prosecutor accused Bankman Fried of using the funds of the FTX trading center to invest in the venture capital company Modulo Capital.

As mentioned above, in 2022, SBF's financial derivatives and FTX's sister company Alameda Research invested a total of US $400 million in Modulo, which became one of SBF's most important investments. Because Modulo (a relatively unknown enterprise) raised a large amount of funds at the challenging stage of the encryption market, which caused the special concern of regulators.

According to the latest investigation report issued by the SBF investigators, the investment of Modulo is likely to be carried out by using FTX customers to deposit the criminal proceeds of the exchange or misappropriate funds.

The inspector indicated that Modulo has become an indispensable part of the investigation. It is reported that FTX lawyers are now focusing on the property of Modulo because they are diligent in withdrawing billions of dollars from customers, investors and other creditors. So far, the direction of SBF's US $400 million investment is unclear.

Modulo Capital was founded in March 2022 by three former management in Jane Street, New York. Jane Street once hired Bankman Fried and Caroline Ellison, CEO of Alameda. It is reported that Duncan Rheingans Yoo, one of the founders, has just graduated for two years. Xiaoyun Zhang, another founder of Modulo, is a former American Wall Street trader who has some contact with SBF. Modulo is also famous for the operation of the Bahamas condominium community to which SBF belongs.

At the time of the announcement, Christy Goldsmith Romero, a member of the Commodity Futures Trading Commission of the United States, raised an objection to the financial due diligence work of venture capital and private equity fund managers supporting FTX. Romero asked, "Why do they turn a deaf ear to the green light that really should flash?".

Previously, the Deputy Prime Minister of Malaysia recognized that Temasek, an investment enterprise in the government sector, suffered "reputational damage" due to its investment in FTX.