The entire point of FTX is that Americans were barred from using it. Now Americans certainly ignored that rule by using vpn’s, but I’m not sure that gives the sec jurisdiction. The Americans using the exchange were explicitly breaking the TOS

Is it legal to defraud people in other countries from the US? I can't imagine that it is.

Most countries have their own security laws and enforcement departments, which are nominally there to protect the interests of their citizens. Examples: https://sfo.govt.nz/ https://en.m.wikipedia.org/wiki/Financial_Conduct_Authority https://www.afp.gov.au/what-we-do/crime-types/fraud/fraud-an... However the enforcement departments usually appear to me to be underfunded and quite weak, even against fraud within their own country, and it seems rare they indict overseas parties even when citizens are deeply impacted.

The SEC is unusually strong (which might surprise you), and because the American market is so wealthy and the rules are relatively clear, the SEC has a huge influence over investment structure.

Well he's in the bahamas, not the US.

SBF says US customers are not affected by this.

> This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.

> It's 100% liquid. Every user could fully withdraw (modulo gas fees etc).

https://twitter.com/SBF_FTX/status/1590709195892195329

I wouldn't believe a word SBF says, I'm pretty sure the guy is a pathological liar:

https://twitter.com/WatcherGuru/status/1590773534615572481

1. SBF is a proven fraud and liar, I don't think anyone should be citing him at this point. :)

2. People ITT are claiming that they can't withdraw from FTX.US.

> SEC often asserts jurisdiction over anything where American domiciled investors have suffered a large loss. That bar will definitely be met here

Thankfully for Sam, US investors are banned from FTX and must use FTX.US which so far has not been linked to any of this.

So its going to be very hard to show US investor harm given that they are all banned from using it by US law.