Friday, February 3, 2023

US prosecutors launch website to serve SBF victims

The US government has asked people who believe they have been affected by the crimes of Sam Bankman-Fried (SBF) to contact prosecutors of other people to verify whether they are victims.

According to a January 6 press release, federal prosecutors He asked those who believe he is a victim to send him an email, Prosecutors stressed that victims of federal crimes have certain rights that prosecutors seek to protect.

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Prosecutors seek to protect victims’ rights

The rights included proper protection of the accused; Timely, accurate and fair notice of public court proceedings, the right to be heard in any public proceeding; the right to full and timely compensation; Right to due process, etc.

In addition, the prosecutor has launched a website for FTX victims to communicate with the prosecution team. Prosecutors had asked the court if they could inform the victims through the website instead of contacting them personally. The number of victims of the FTX collapse could exceed 1 million and it would be nearly impossible to contact them by mail.

FTX Agrees to Partnership with JPL of the Bahamas

In a separate development, the bankrupt crypto exchange is run by CEO John Ray III agreed to go corporate with joint provisional liquidators appointed by the Bahamas Supreme Court.

According to a January 6 press release, the parties “they will work together” To maximize efforts to recover funds for interested parties. they both agreed that JPL to lead real estate settlement in the Bahamas and will also verify the assets held by the Bahamian authorities.

FTX and the Bahamian authorities were previously involved in a bitter dispute over the handling of the bankruptcy case. Even then, Your new change of heart is still subject to the courts of the United States and the Bahamas.

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disgraced founder of FTX, SBF pleads not guilty to all charges against him, The former billionaire claims he committed no crime and admits to mismanagement.

Meanwhile, various legal actions regarding the FTX collapse are still ongoing. Prosecution informed the bankruptcy court that it seized 56 million shares of Robinhood (worth $450 million) originally owned by SBF and Gary Wang.

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Nation World News Desk
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