Federal Prosecutors Ask FTX Victims To Verify Their Stories

Key Points:

• The number of FTX investors and customers who prosecutors have said collectively lost $8 billion is likely to exceed 1 million.
• US authorities are urging victims to contact them in order to learn more about their legal rights and share their stories.

US authorities are urging victims of the defunct cryptocurrency exchange FTX and its creator, Sam Bankman-Fried, to contact them in order to learn more about their legal rights and share their stories.

According to ABC news, prosecutors stated that the number of FTX investors and customers who prosecutors have said collectively lost $8 billion is likely to exceed 1 million. Federal law requires prosecutors to contact possible crime victims.

Judge Lewis Kaplan granted prosecutors permission to set up a website to educate accused victims about their rights and the timeline for the case’s procedures.

Likewise, a victim/witness coordinator at the U.S. Attorney’s Office named Wendy Olsen Clancy has urged the case’s victims to submit an email to USANYS-FTXVictims@usdoj.gov in order to discuss and corroborate their stories.

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 using the email address for assistance in verifying whether you are a victim in this case.

The news comes in the wake of an eight-count indictment of the former crypto millionaire accused of misusing FTX customer funds. Prosecutors claim that victims’ rights must be preserved.

Coincu reported on January 5 that the DOJ is seizing assets linked to the bankrupt crypto company FTX, including some shares in the trading app Robinhood, officials said during a virtual court hearing in Delaware. Robinhood shares worth $450 million are still in the process of an ownership dispute between three parties, including SBF, the bankrupt cryptocurrency company BlockFi and FTX creditor Yonathan Ben Shimon.

The 30-year-old claims in an affidavit filed with the Eastern Caribbean Supreme Court that he and FTX chief technology officer Gary Wang borrowed monies from FTX affiliate firm Alameda Research to create the shell company that controlled the Robinhood shares.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Thana

Coincu News