1 year ago
The Southern District of New York has created a task unit intending to recoup mislaid FTX assets, according to a study published by CNBC connected Jan. 3.
That effort, called the FTX Task Force, volition enactment to hint and retrieve funds belonging to customers who mislaid funds during the illness of the exchange. The task unit volition besides prosecute investigations and prosecutions related to FTX.
The astir caller estimates from U.S. regulators suggest that FTX users mislaid $8 cardinal owed to fraud. About $3.5 cardinal of those assets look to beryllium held by regulators successful the Bahamas, portion different $372 million of funds were mislaid successful a hack connected FTX.
Damian Williams, U.S. Attorney for the Southern District of New York, said:
The Southern District of New York is moving astir the timepiece to respond to the implosion of FTX…It is an all-hands-on-deck moment. We are launching the SDNY FTX Task Force to guarantee that this urgent enactment continues, powered by each of SDNY’s resources and expertise until justness is done.
The task unit volition beryllium led by Andrea Griswold, Williams’ main counsel. Griswold antecedently led efforts to analyse Terra’s implosion last summer.
The Southern District of New York operates wrong the U.S. Department of Justice (DOJ). The task unit volition additionally bring unneurotic assorted different DOJ offices, including its Securities and Commodities Fraud unit, its Public Corruption unit, its Money Laundering unit, and its Transnational Criminal Enterprises unit.
The Southern District of New York is besides liable for different caller developments related to the ongoing lawsuit against FTX and its members.
The bureau reached a plea deal with FTX associates Caroline Ellison and Gary Wang past month. It besides charged erstwhile FTX CEO Bankman-Fried with fraud and wealth laundering successful mid-December; Bankman-Fried pled not blameworthy to those charges today.
The station SDNY launches FTX Task Force to retrieve funds appeared archetypal connected CryptoSlate.
English (US) 