To learn more about their legal rights and to share their experiences, victims of the now-defunct cryptocurrency exchange FTX and its founder Sam Bankman-Fried are being urged to get in touch by US authorities.
The number of FTX investors and consumers who authorities claim lost $8 billion combined is expected to exceed 1 million, according to ABC news. Prosecutors are required by federal law to speak with potential crime victims.
Judge Lewis Kaplan authorized the establishment of a website by the prosecution to inform suspected victims of their legal rights and the timetable for the case's procedures.
Similarly, a coordinator for victims and witnesses at the U.S. In order to discuss and corroborate their accounts, Wendy Olsen Clancy, an attorney for the case, has invited the victims to send an email to [email protected]
The news follows the erstwhile crypto millionaire being charged on eight counts with manipulating FTX customer monies. According to prosecutors, the rights of the victims must be protected.
During a virtual court hearing in Delaware, officials announced that the DOJ is taking assets connected to the insolvent cryptocurrency startup FTX, including some shares in the trading app Robinhood. A $450 million ownership dispute over Robinhood shares is still ongoing between three parties, including SBF, the insolvent cryptocurrency company BlockFi, and FTX creditor Yonathan Ben Shimon.
In an affidavit submitted to the Eastern Caribbean Supreme Court, the 30-year-old asserts that he and FTX Chief Technology Officer Gary Wang borrowed money from FTX Affiliate Business Alameda Research to establish the shell company that held the Robinhood shares.