• US authorities have created a page on their website to notify FTX’s alleged victims about the SBF case.
• The government proposed an online notice to inform victims of the FTX case due to the large number of victims involved.
• The notice requests victims to contact the United States Attorney’s Office for further information.
The United States Attorney’s Office for the Southern District of New York has taken action to help inform the alleged victims of fraud at FTX while under the leadership of Sam Bankman-Fried. In a Jan. 6 filing, Assistant U.S. Attorney Danielle Sassoon requested the federal court allow her office to take “reasonable, accurate, and timely notice” to inform alleged victims of the case. The government proposed an “alternative plan” for notifying victims in the FTX case through an online notice on the United States Attorney’s Office website.
Due to the large number of victims in the case, the government noted that it would be “impractical” to rely on more traditional methods of notification. The online notice, which went live on Jan. 6, requests victims to contact the United States Attorney’s Office for further information. Judge Lewis Kaplan approved the request the same day.
The notice states that “if you believe that you may have been a victim of fraud by Samuel Bankman-Fried, a/k/a ‘SBF,’ please contact the victim/witness coordinator at the United States Attorney’s Office.” The page also includes links to the court filing, as well as other resources for anyone wishing to learn more about the case.
The decision to use an online notice to inform victims of the fraud case is a novel approach and one that is likely to be adopted more frequently in similar cases. By allowing victims to contact the United States Attorney’s Office directly, it can help ensure that all victims are informed of the case and given the opportunity to take action if necessary. It also provides a more efficient way to notify victims, as traditional methods would have taken significantly longer.
The United States Attorney’s Office for the Southern District of New York is committed to helping victims of fraud and is taking every step to ensure that all victims are informed of the case and given the opportunity to take action. The page on their website provides victims with the necessary information to contact the office and learn more about the case.