Victims of the defunct cryptocurrency exchange FTX and its creator Sam Bankman-Fried are being urged to get in touch with US authorities to learn more about their legal options and to discuss their experiences.
According to reports, prosecutors claim that all a million shareholders and clients lost $8 billion to FTX.
A victim/witness organizer in the U.S. Attorney's Office, Wendy Olsen Clancy, wrote on a recently founded website for the case's victims: Attorney's Office encourages people to share and confirm their tails by emailing USANYS-FTXVictims@usdoj.gov.
“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 Attorneys Office using the email address for assistance in verifying whether you are a victim in this case.”
After an eight-count prosecution of the erstwhile crypto billionaire who is suspected of misusing FTX customer cash, the Attorney's Office makes the statement. According to the prosecution, the victims' rights must be upheld.
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.
The DOJ is reportedly taking assets connected to the insolvent cryptocurrency startup FTX, such as certain shares in the trading app Robinhood, according to a January 5 article from Coincu. Officials made the announcement at a Delaware virtual court hearing. A $450 million ownership battle over Robinhood stocks is currently ongoing between three parties, including SBF, the insolvent cryptocurrency startup BlockFi, and FTX creditor Yonathan Ben Shimon.
Holdings of the trading application Robinhood connected to Bankman-Fried were already seized by the US Department of Justice for $456 million. The 30-year-old claims that he and FTX Chief Technology Officer Gary Wang borrowed money from FTX Associate Business Alameda Research to finance the shell company that possessed the Robinhood stocks in a declaration submitted to the Eastern Caribbean Supreme Court.
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