TBA Law Blog


Posted by: Stacey Shrader Joslin on Jan 6, 2023

The U.S. government today launched a website for victims of alleged fraud by FTX cryptocurrency exchange founder Sam Bankman-Fried, Reuters reportss. Federal prosecutors are seeking permission to use a website to notify victims, rather than contacting each individually. FTX could owe money to more than one million people, making it "impracticable" to contact each, the government says. While awaiting approval, the website went live with instructions for those who believe they may have been victims. Bankman-Fried has pleaded not guilty to eight counts of wire fraud and conspiracy.