DOJ Is Attempting To Exploit Evidence To Convict SBF Through FTX Victims

Key Points:

• DOJ is attempting to exploit valuable evidence from FTX victims to bring charges against SBF.
• The United States Attorney’s Office for the Southern District of New York has launched a page on its website for victims.
• The number of victims in the FTX case makes it “impractical” to rely on traditional notification methods.

The DOJ today launched a website where all victims of FTX can participate in providing evidence. DOJ is attempting to accurately identify the victims of FTX and seek evidence against SBF.

The United States Attorney’s Office for the Southern District of New York has made relevant information available about victims of the SBF scam through its website and has offered to invite them to cooperate with authorities.

In the meantime, potential victims can contact the U.S. Attorney’s Office’s Victims/Witness Coordinator at the email address to verify if they are a victim in school in this case.

“If you believe that you may have been a victim of fraud by Samuel Bankman-Fried, a/k/a ‘SBF,’ please contact the victim/witness coordinator at the United States Attorney’s Office,”

The notice said.

According to the court filing, the number of victims in the FTX case – more than one million – made it “impractical” to rely on more traditional methods of notification “without unduly complicating or prolonging the proceedings in this matter.” Judge Lewis Kaplan approved the request the same day.

As mentioned in earlier Coincu News articles, the lawsuits surrounding the FTX collapse are becoming increasingly complex, making it difficult to compensate victims and determine the responsibility of those involved increasingly tricky.

Previously, the SBF, said to be critical in the collapse of FTX, was charged by U.S. prosecutors with eight counts. But in his most recent trial on January 6, he refused to plead guilty, and his subsequent trial is scheduled for early October. This period seems long enough for him to prepare thoroughly for further arguments.

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