FTX: Justice sets up a web page for (many) victims


Samir Rahmoun

January 09, 2023 at 1:55 p.m.

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Samuel Bankman-Fried (SBF), former boss of FTX © © Reuters

© Reuters

A webpage is now available for those affected by the bankruptcy of FTX.

American justice has set up this interface to facilitate contact with the too many victims of the collapse of the empire of Samuel Bankman-Fried.

FTX, a resounding bankruptcy

For many years, one name had summed up abuse in the cryptocurrency world: Mt. Gox. The largest crypto exchange platform in 2014 abruptly closed its doors that year after the hacking of some 750,000 bitcoins.

But since then, the FTX affair has come to take the place of the biggest scandal in the sector. The second platform in the sector, behind Binance, was placed in bankruptcy on November 11, resulting in the loss of nearly $8 billion in customer funds.

A scandal of disproportionate magnitude, which will lead to the implementation of new means. This is how the American courts decided to authorize the creation of a web page from which the victims, but also the witnesses in the FTX case, can contact the authorities.

FTX has too many casualties

An unusual procedure in the American legal system. Indeed, it is normally up to the prosecutor to contact the victims to inform them of their rights. But in view of the far too large number of people concerned, estimated at around 1 million individuals, Manhattan District Judge Lewis Kaplan authorized the posting of this page.

If you believe you have been the victim of fraud by Samuel Bankman-Fried, also known as SBF, please contact the Victims and Witnesses Coordinator at the United States Attorney’s Office “is it thus explained on this page, hosted on the site of the American Department of Justice.

SBF is the subject of eight counts, including several relating to various frauds. He is also accused of money laundering and violation of United States election financing laws.

Source : Reuters



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