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US authorities launch page to notify FTX’s alleged victims about SBF’s case

The US Lawyer’s Workplace for the Southern District of New York has launched a web page on its web site interesting to Sam Bankman-Fried’s alleged victims of fraud at FTX to return ahead and informing them about court docket proceedings.

In a Jan. 6 submitting, Assistant U.S. Lawyer Danielle Sassoon requested the federal court docket permit her workplace to take “affordable, correct, and well timed discover” to tell alleged fraud victims from crypto trade FTX whereas beneath the management of Bankman-Fried. In line with Sassoon, the federal government proposed an “different plan” for notifying victims within the FTX case via a web based discover which went reside on Jan. 6.

In line with the court docket submitting, the variety of victims within the FTX case — a couple of million collectors — made it “impractical” to depend on extra conventional strategies of notification “with out unduly complicating or prolonging the proceedings on this matter.” Choose Lewis Kaplan permitted the request the identical day.

“Should you consider that you’ll have been a sufferer of fraud by Samuel Bankman-Fried, a/ok/a ‘SBF,’ please contact the sufferer/witness coordinator at america Lawyer’s Workplace,” stated the discover.

The discover on the SDNY’s web site knowledgeable viewers of the eight felony counts Bankman-Fried faces in court docket, in addition to the rights victims have beneath federal legislation. The latter included the suitable to be told of public court docket proceedings and plea bargains with Bankman-Fried, in addition to conferences with the legal professional representing the U.S. authorities.

Following his arrest within the Bahamas and extradition to america, Bankman-Fried pled not responsible to all felony fees in his case. The U.S. Securities and Alternate Fee and Commodity Futures Buying and selling Fee have each introduced fees towards the previous FTX CEO, whereas Alameda Analysis CEO Caroline Ellison and FTX co-founder Gary Wang have already pled responsible to associated fees.

Associated: Sam Bankman-Fried’s legal professionals declare he wants Robinhood shares ‘to pay for his felony protection’

Chapter proceedings separate from the felony instances towards Wang, Ellison, and Bankman-Fried are additionally ongoing, with the following public listening to scheduled for Jan. 11. The U.S. Departure of Justice was within the means of seizing greater than $450 million price of shares of Robinhood linked to FTX Group, for which BlockFi, Bankman-Fried, and others have made authorized claims.

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