Two Democrats in the U.S. Senate have called on the Justice Department to investigate the FTX debacle and possibly prosecute individuals involved in the wrongdoing.

In a letter dated November 23 to U.S. Attorney General Merrick Garland and Assistant Attorney General Kenneth Pollett, Senators Elizabeth Warren and Sheldon Whitehouse Require The Department of Justice launched an investigation into the collapse of cryptocurrency exchange FTX with “closest scrutiny.” The lawmaker cited the impact of the collapse of a major player in the crypto space on related companies — lending firms including Genesis and BlockFi halted trading — and the potential for retail investors in FTX to lose their funds.

The senators singled out former FTX CEO Sam Bankman-Fried for his role in the controversy, including his deleted tweet that the exchange’s funds were “good,” And tried to play down concerns about the company’s liquidity problems. Warren and Whitehouse echoed the characterization of FTX management in the company’s bankruptcy proceedings, calling Bankman-Fried and others “inexperienced and unsophisticated.”

“The downfall of FTX was not only the result of sloppy business and management practices, but appears to have been caused by deliberate and deceitful tactics employed by Mr. Bankman-Fried and other FTX executives for personal gain,” the letter said. “We urge the The Department centers its investigations on these ‘flesh-and-blood victims’ and, if deemed necessary, prosecutes the individuals responsible for their injuries.”

related: US Senator Elizabeth Warren Says Cryptocurrencies Will Destroy the Economy – Community Response

It’s unclear whether the Justice Department intends to investigate FTX, but global financial regulators and lawmakers have acted following the exchange’s collapse. In the Bahamas — where Bankman-Fried and many of the FTX executives lived at the time of publication — financial investigators and the Bahamian securities regulator are reportedly investigating possible criminal misconduct. Turkey’s Financial Crimes Investigation Agency also announced on Nov. 14 that it had launched investigations into individuals and entities associated with FTX.