US prosecutors are telling victims of the bankrupt crypto exchange FTX and its founder Sam Bankman-Fried to contact them to explore their legal rights and share their stories.
Prosecutors have reportedly said that there are over one million investors and customers who collectively lost $8 billion to FTX.
In a newly established web page for victims of the case, Wendy Olsen Clancy, a victim/witness coordinator at the U.S. Attorney’s Office, urges them to send an email to USANYS-FTXVictims@usdoj.gov to share and verify 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 Attorney’s Office issues the announcement following an eight-count indictment of the former crypto billionaire who is accused of spending FTX customer funds. Prosecutors say that the victims have rights that need to be protected.
The U.S. Department of Justice already confiscated $456 million worth of shares of trading app Robinhood tied to Bankman-Fried. In an affidavit filed with the Eastern Caribbean Supreme Court, the 30-year-old says he and FTX chief technology officer Gary Wang borrowed funds from FTX affiliate firm Alameda Research to fund the shell company that owned the Robinhood shares.
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