The U.S. Attorney’s Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions, including that of FTX founder Sam Bankman-Fried, said Scott Hartman, the co-chief of the office’s securities and commodities task force.
Hartman told the conference hosted by the Practising Law Institute that the office would not ignore crypto cases, but has fewer prosecutors working on them than when digital asset prices collapsed in 2022, a period known as “crypto winter.”