SBF Prosecutors Bring Hi-tech Gift to FTX Victims

SBF Prosecutors Bring Hi-tech Gift to FTX Victims

Time Stamp: January 6, 2023 5:24 PM
Source Node: 1879173
  • US prosecutor requested timely notification of FTX fraud victims
  • FTX victims were urged to contact the prosecutor’s office 
  • SBF proceedings can be viewed on the website page the prosecutor developed.

On January 6, Assistant U.S. Attorney Danielle Sassoon asked the federal court for permission to provide reasonable, accurate, and timely notice to accused victims of fraud at crypto exchange FTX while Bankman-Fried was in charge. According to Sassoon, the administration presented an alternative method for alerting FTX victims via an online notification that went live on January 6.

Sam Bankman-Fried’s alleged fraud victims at FTX were urged to contact the U.S. Southern District of New York Attorney’s Office and be informed of pending legal proceedings through a full-scale website page the prosecutor developed.

Source: justice.gov

According to the court statement, the number of victims in the FTX case, over one million creditors, rendered it impractical to rely on more conventional notification techniques without unreasonably complicating or extending the proceedings in this issue. The same day, Judge Lewis Kaplan authorized the request.

In other news, NFT sales are leading the charge, the start of the end of the crypto winter is making its arrival known. According to NFTGO data, NFT trading volume within the NFT market is making a huge comeback. 

It seems that crypto winter may be thawing out with the start of 2023. On January 05, 2023, the single-day trading volume of the NFT market exceeded 32,000 ETH. This is a three-month high and a great start to the year.

Tags: BitcoinCrypto marketcryptocurrencyFTX

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

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