The U.S. authorities plans to launch an internet site for victims of FTX cryptocurrency trade founder Sam Bankman-Fried’s alleged fraud to speak with regulation enforcement.
In court docket papers filed on Friday, federal prosecutors in Manhattan requested U.S. District Choose Lewis Kaplan for permission to make use of the web site to inform victims, reasonably than contacting every individually.
FTX might owe cash to greater than 1 million folks, making it “impracticable” to contact every, the papers mentioned.
Federal regulation requires prosecutors to contact potential crime victims to tell them of their rights, together with the rights to acquire restitution, be heard in court docket and be shielded from defendants.
Kaplan has but to rule on the request, however the web site had gone stay by Friday afternoon.
“In the event you imagine that you will have been a sufferer of fraud by Samuel Bankman-Fried, A/Ok/A/ ‘SBF,’ please contact the sufferer/witness coordinator at the USA Lawyer’s workplace,” the web site learn.
The U.S. Lawyer’s workplace in Manhattan didn’t instantly reply to a request for remark.
Bankman-Fried, 30, has pleaded not responsible to eight counts of wire fraud and conspiracy over November’s collapse of FTX.
Prosecutors have mentioned he stole billions in FTX buyer deposits to pay money owed for his hedge fund, Alameda Analysis, and lied to buyers about FTX’s monetary situation.
The onetime billionaire has acknowledged danger administration shortcomings, however mentioned he didn’t contemplate himself criminally liable.
Bankman-Fried’s attorneys didn’t instantly reply to a request for touch upon Friday.
