Before the password exchange FTX and founder Rob Bankman-fried (Sam Bankman-Fry) were accused of embezzling clients' assets, SBF was one of the most influential login password entrepreneurs. Before the collapse of FTX, a leaked email current account with the largest regulator was reported to indicate that SBF intended to subject the exchange to federal regulation.

According to the Washington Review, on May 28, 2022, nearly six months before FTX declared bankruptcy and SBF resigned as CEO, George Glenn Herbert, boss of the Federal Deposit Insurance Corporation (FDIC), received an invitation to meet SBF on June 13, 2022. The email was negotiated through Mark Wetjen, a former committee of CFTC, who joined FTX US in November 2021 as head of policy and regulatory development strategy.

In the second half of the email, Wetjen told Gruenberg,FTX that he was in an "extraordinary situation of begging federal agencies to regulate ourselves." He further added:

We submitted an application to the CFTC and asked how the organization could do this. All CFTC can do is grant it. Once CFTC does this, other exchanges will learn from it-other key foreign exchanges also have CFTC license plates.

In response to SBF's request, Gruenberg is allowed to meet with the two, as shown in the leaked email below.

After the collapse of FTX, SBF political contacts were found in parallel research. A spokesman for the Federal Deposit Insurance Corporation confirmed that the current chairman of the Federal Deposit Insurance Corporation met with SBF as part of a "routine courtesy visit with financial investment companies and business leaders."

At the same time as the federal investigation, new FTX executives began to launch internal structure research to track missing assets.

Recent court filings show that SBF and five other former FTX and Alameda Research executives won 3.2 billion dollars in payments and credits from the physical lines associated with FTX. It is reported that SBF won a large amount of assets, winning 2.2 billion US dollars.