U.S derivatives regulator Commodity Futures Trading Commission (CFTC) is planning to sue the co-founder of bankrupt crypto exchange FTX, Sam Bankman-Fried, for fraud, Bloomberg reported, citing a source.

CFTC will bring a case against Bankman-Fried, FTX and Alameda Research, according to the report.

The Bloomberg report comes after the U.S. Securities and Exchange Commission (SEC) filed charges against Bankman-Fried for defrauding FTX investors.

The CFTC was not immediately available for comment.

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