The house of cards came crashing down this November, when it was revealed that Bankman-Fried’s FTX funneled up to $8 billion of customer funds to his hedge fund Alameda Research. FTX filed for bankruptcy on November 11.
Berkovitz had an $ relationship with Sam Bankman-Fried, the disgraced crypto mogul whose exchange FTX dramatically imploded last month.
https://m.investing.com/news/cryptocurrency-news/sec-general-counsel-dan-berkovitz-to-depart-agency-after-reportedly-dining-with-sbf-2969847