There may be over 1 million affected people by the collapse in FTX. Prosecutors claimed that it would not be practical to contact each person one-by-one.
The US Department of Justice has released information regarding their criminal investigation into FTX founder Sam Bankman Fried You can access the website.
Manhattan District Judge Lewis Kaplan overseeing this case granted the request by federal authorities.
The US Federal Prosecutors requested Friday permission to use the site to communicate with victims of the FTX fallout.
According to FTX’s November 11 bankruptcy filing, the company owes creditors more than $100,000. However, this excludes users of FTX US and the FTX stock market.
Prosecutors are required to notify victims in criminal investigations cases before the trial ends. This gives them time to testify, if necessary.
There may be over 1 million affected people by the collapse in FTX. Prosecutors claimed that it would not be practical to contact each person one-by-one.
John Ray, FT’s current CEO, said to the US House Financial Services Committee, that only a few US consumers were among FTX.com’s users. .
“We had 7.6 million users at FTX. Among them could be multiple accounts from one person. These are the ways we identify people even though it is unlikely that most of them will appear in person in Manhattan courts.
Ray stated that there were approximately 2.7 million US users, but that this is an exaggerated number because most people had multiple trading accounts.