• The US government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights.
• Federal prosecutors have 7 charges against Sam Bankman-Fried (SBF), including wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws.
• Victims of the FTX collapse can send emails to Victim/ Witness Coordinator – Wendy Olsen Clancy on the email USANYS-FTXVictims@usdoj.gov regarding the loses and claims for justice.
The US government is planning to launch a website for FTX U.S victims to notify them regarding their court proceedings and federal rights. Lewis A Kaplan has been appointed as the District Judge for this case, although no direct comment has been made on the launch of the website. Federal prosecutors have 7 charges against Sam Bankman-Fried (SBF) that include wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws. SBF has pleaded not guilty to these charges, even though he admitted to mismanagement of the funds of his company.
More than one million FTX users have been affected by the collapse of the company. These users can be broken down into three categories – customers of FTX.com, investors of FTX.com, and lenders of Alameda Research. The US prosecutors notified the District Judge that it is impractical to contact one million users by email or phone, and thus requested the Judge to launch a website for court proceeding notifications and further announcements related to the case. In the meantime, victims can send emails to Victim/ Witness Coordinator – Wendy Olsen Clancy on the email USANYS-FTXVictims@usdoj.gov regarding the loses and claims for justice. These emails will be monitored individually and replied to if the coordinator finds that he/she is a genuine victim. The verification of 1 million emails is a difficult and time consuming task, and the website would be a great help in this regard.
The website would provide timely updates to the victims regarding their court proceedings and federal rights. It will also provide information on how to file a claim for compensation, and what documents are required for filing such claims. Furthermore, victims can also access the documents related to the case on the website. The website would also help to keep the victims informed about their rights and obligations, the criminal proceedings and any other developments related to the case.
The launch of the website is a great step towards providing justice to the victims of the FTX collapse. It will help them to know their rights and stay up to date with the court proceedings and any other developments related to the case. It will also ensure that the victims get their claims for compensation and justice in a timely manner.